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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BMO Provides $200MM Debt Facility to Aurora Cannabis
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Lenders/Participants
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Bank of Montreal [Lender]
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Structure
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$50MM Revolver; $150MM Term Loan
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Amount
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$200.000
Million
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Borrower(s)
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Aurora Cannabis Inc.
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Description
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A new $200 million debt facility, with a potential upsize to $250 million, with the Bank of Montreal (BMO).The facility will consist of a $150 million term loan and a $50 million revolving credit facility, both of which will mature in 2021. A short period after the implementation of Bill C-45 in October 2018, the Company may request an increase of up to a further $45 million to the term loan subject to agreement by BMO and satisfaction of certain legal and business conditions. BMO will also be providing up to $5 million in other credit instruments. Closing of the debt facility is subject to completion of final due diligence, negotiation of definitive documentation, and satisfaction of conditions precedent customary to a financing of this nature. The debt facility will be primarily secured by Aurora's production facilities, including Aurora Sky, Aurora Mountain, and Aurora Vie. Strategically located at Edmonton International Airport, Aurora Sky is the world's most technologically advanced cannabis facility, projected to produce in excess of 100,000 kg per year of high-quality cannabis at low per gram costs, and slated to deliver its first harvest this week.
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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
2025
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