Trulieve Cannabis Corp. announced a private placement of 10.5% Senior Secured Notes due 2030 for US$100.0 million.
The Notes will bear interest at a rate of 10.5% per annum, payable semi-annually until maturity.
The Company intends to use the net proceeds for capital expenditures and general corporate purposes.
Private Placement
Trulieve announced a private placement of 10.5% Senior Secured Notes for US$100.0 million.
Interest Rate
The Notes will bear interest at a rate of 10.5% per annum.
Use of Proceeds
The Company plans to use the net proceeds for capital expenditures and general corporate purposes.
- The Offering is expected to strengthen the Company's financial position with the injection of $100.0 million from the private placement.
- This move could support the Company's growth strategy and expansion plans.
- The issuance of Senior Secured Notes reflects investor confidence in Trulieve's future prospects.
Trulieve's announcement of the private placement of Senior Secured Notes indicates a strategic move to secure funding for future growth and operational needs. The interest in the offering highlights investor confidence in the Company's potential.