Decibel Cannabis Company Bolsters Financial Flexibility With $54M Debt Refinancing

Decibel Company Inc (TSXV:DB) (OTCQB: DBCCF) announced Friday that it has entered into an amended and restated commitment letter with connectFirst Credit Union Ltd. in respect of $54 million of debt capital over an initial 5-year term.

Based in Calgary, Alberta, the producer reported that the sum includes $40.5 million of term debt, a $6 million authorized overdraft secured against receivables and an accordion line of $7.5 million.

The proceeds combined with contributions from operations are expected to provide sufficient liquidity to repay the company's convertible debentures on maturity.

"With this refinancing, Decibel has …

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