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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BMO Leads $84MM Debt Financing for Auxly Cannabis Group
Thursday, August 15, 2019
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Lenders/Participants
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Bank of Montreal [Lead Underwriter]
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Structure
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$71.5MM Senior Facility; $12.5MM Lease Facility
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Amount
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$84.000
Million
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Borrower(s)
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Sunens Farms Inc., a venture partner of Auxly Cannabis Group, Inc.
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Description
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Subject to the satisfaction of certain customary closing conditions and the finalization of definitive loan documentation, company expects to receive debt financing in the aggregate amount of approximately $84 million. The syndicated senior debt facility will be for $71.5 million for a three-year term together with a BMO $12.5 million leasing facility. Transaction details not disclosed.
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Industry
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Cannabis
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| Related Tags |
Bank of Montreal
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ABL Advisor
Deal Tables
2024
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