CHICAGO and VANCOUVER, Canada — Green Thumb Industries Inc. increased its existing syndicated credit facility led by Valley National Bank by $50 million, bringing the total facility to $189 million. The company intends to use the cash proceeds for general corporate purposes, potential strategic investments, and other working capital requirements.
The credit facility has a maturity date of September 11, 2029, and will continue to bear interest from the date of issue at Secured Overnight Financing Rate (SOFR) + 500 basis points. The transaction did not involve the issuance of any Green Thumb equity to any of the participating banks in the syndication.
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