CNSX:TRULPharmaceuticals
Is Trulieve (CNSX:TRUL) Using Costlier, Longer-Term Debt To Quietly Recast Its Risk Profile?
Trulieve Cannabis has refinanced part of its balance sheet by redeeming US$368,000,000 of 8.0% senior secured notes due 2026 and completing a private placement commitment for US$100,000,000 of new 10.5% senior secured notes due 2030, issued at par with semi-annual interest and planned CSE listing after the Canadian hold period.
By extending its debt maturity profile and locking in new secured financing for capital expenditures and general corporate purposes, Trulieve is signaling an emphasis...