Jushi Holdings Refinances $160 Million Debt to Strengthen Balance Sheet

Jushi Holdings Inc. has successfully completed the refinancing of its existing credit facilities through a new $160 million senior secured term loan. The transaction, managed by FocusGrowth Asset Management and a lending syndicate, replaces the company's previous first and second lien credit facilities. This strategic move is non-dilutive to existing shareholders, ensuring that equity value remains protected while consolidating the debt structure. By securing this new financing, the company aims to significantly bolster its cash position and enhance overall liquidity on its balance sheet. The successful refinancing reflects investor confidence in Jushi's operational stability and its ability to manage financial obligations within the cannabis sector. This improved financial flexibility positions the company for better management of its future growth initiatives.

Sources:globenewswire.comir.jushico.comstreetinsider.comnewcannabisventures.cominvesting.com