Trulieve Cannabis Corp. closed a private placement of 10.5% Senior Secured Notes for US$140 million.
The Notes were issued at 100% of face value and are senior secured obligations of the Company.
The Offering was conducted by Canaccord Genuity Corp. on a 'best-efforts' basis.
Notes Details
Notes bear interest at a rate of 10.5% per annum, maturing on December 17, 2030, and may be redeemed from December 17, 2027.
Use of Proceeds
Net proceeds from the Offering will be used for capital expenditures and general corporate purposes.
Listing Intentions
The Company plans to list the Notes on the Canadian Securities Exchange after the statutory hold period.
- Trulieve's successful private placement of US$140 million highlights investor confidence in the Company and its growth potential.
- The capital raised will support Trulieve's expansion plans and strategic initiatives, driving future growth and market dominance.
Trulieve's recent private placement marks a significant milestone for the Company, showcasing strong market demand for its offerings and prudent financial management strategies.