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Ascend Wellness Holdings issues $235 million of Senior Secured Notes with 12.75% coupon and a 5-year term

PUBLIC · AAWHJul 15, 2024

Amount Raised

$235 Million

Round Type

Debt Financing

Rochelle ParkAgriculture and FarmingHealth CareRetailFarmingDietary SupplementsCannabisNutritionWellness

Description

Ascend Wellness Holdings, Inc. has received commitments for a private placement of $235 million of its 12.75% Senior Secured Notes due 2029. The net proceeds will be used to prepay $215 million of principal amounts outstanding under its existing term loan.

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Company Information

Company

Ascend Wellness Holdings

Location

Rochelle Park, New Jersey, United States

About

Ascend Wellness Holdings, Inc. (AWH) is a vertically integrated multistate cannabis operator with licenses and assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, Pennsylvania, and Maryland. AWH owns and operates 31 dispensaries and six state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products for retail and wholesale customers. AWH produces and distributes its in-house Simply Herb, Ozone, Ozone Reserve, Common Goods, Tunnel Vision, and Royale branded products. AWH also produces and distributes products on behalf of its brand partners including Miss Grass, Lowell Smokes, Flower by Edie Parker, 1906, and AiroPro.

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Related People

3 contacts
Verified contactsAbner K., Founder hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Ascend Wellness Holdings's next move

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Ascend Wellness Holdings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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