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Cansortium Inc. Secures $96.5 Million Credit Agreement with Chicago Atlantic Admin, LLC Ahead of Business Combination
Nov 26, 2024•over 1 year ago
Contract Type
agreement
Description
Cansortium Inc. has closed on a new senior secured credit agreement of up to $96,500,000 with Chicago Atlantic Admin, LLC. The agreement refinances the existing senior secured term loan, eliminates the previous prepayment requirement, and ensures the successful closing of the business combination with RIV Capital Inc.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months