TALLAHASSEE, Fla. — Trulieve Cannabis Corp. closed a private placement of senior secured notes due 2030 for aggregate gross proceeds of US$140 million.
The Notes were issued at 100 percent of face value and bear an interest rate of 10.5 percent per annum, payable semi-annually in equal installments until the maturity date unless earlier redeemed or repurchased. The notes will mature December 17, 2030, and may be redeemed in whole or in part at any time on or after December 17, 2027.
Canaccord Genuity Corp. served as sole agent and sole bookrunner.
The Company intends to use the net proceeds of the offering for capital expenditures and other general corporate purposes.
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