Company Announces Accretive Reduction of Corporate Debt, Preservation of Cash, and an Improved Financial Position Through a Series of Agreements Supported by Secured and Unsecured Lenders
SMITHS FALLS, ON, July 14, 2023 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into a series of agreements, including privately negotiated redemption agreements (the "Redemption Agreements") with certain holders of its unsecured senior notes due July 15, 2023 (the "Existing Notes") and agreements with certain of its lenders under its term loan credit agreement dated March 18, 2021 (the "Credit Agreement"), that will have the overall effect of deleveraging the Company's balance sheet.
Canopy Growth Enhances Financial Flexibility and Delevers Company Balance Sheet by $437 million (prnewswire.com)