Foley Hoag Advises in 2 Recent Market-Leading Cannabis Industry Debt Transactions
August 03, 2024
August 03, 2024
BOSTON, Massachusetts, Aug. 3 -- Foley Hoag, a law firm, issued the following news:
Foley Hoag LLP advised FocusGrowth Asset Management, LP ("FocusGrowth"), a leading capital provider to the cannabis sector, as agent and lender on an up to $140 million syndicated senior secured term loan facility to TerrAscend Corp., a North American cannabis company. The non-dilutive financing bears a coupon of 12.75% with a four-year term, and the proceeds will be used to refinance exist . . .
Foley Hoag LLP advised FocusGrowth Asset Management, LP ("FocusGrowth"), a leading capital provider to the cannabis sector, as agent and lender on an up to $140 million syndicated senior secured term loan facility to TerrAscend Corp., a North American cannabis company. The non-dilutive financing bears a coupon of 12.75% with a four-year term, and the proceeds will be used to refinance exist . . .