CSE:AYR.A - Post Discussion
Post by
Humanist on Nov 05, 2021 9:44pm
AYR ANNOUNCES PROPOSED PRIVATE PLACEMENTS UPTO 150 MLNS
Ayr Wellness Announces Proposed Private Offering of Senior Secured Notes
@nasdaq on 5 Nov 2021, 18:19
MIAMI, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a vertically-integrated cannabis multi-state operator (MSO), today announced a proposed private offering of up to $150 million of its 12.5% Senior Secured Notes (the "Notes"). The Notes will be treated as "Additional Notes" under the indenture governing the Company’s existing 4-year 12.5% Notes due on December 10, 2024 and as a single series with the existing notes under such indenture. The Notes are expected to be issued at a premium, subject to market and other conditions.
Ayr intends to use the net proceeds from the issuance of the Notes to fund capital expenditures, including construction and improvement costs, as well as acquisitions and for general corporate purposes.
This release shall not constitute an offer to sell or a solicitation of an offer to buy any security, nor shall there be any offer, solicitation or sale of any security in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful.
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