Business
Trulieve Announces Closing of US$140 Million Private Placement of 10.5% Senior Secured Notes
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the closing of a private placement of 10.5% Senior Secured Notes due 2030 (the "Notes") for aggregate gross proceeds of US$140.0 million (the "Offering"). The size of the Offering was increased given market demand for the Notes.
About this update from Trulieve Cannabis Corp.
[{"type":"text","content":"TALLAHASSEE, Fla., Dec. 17, 2025 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the closing of a private placement of 10.5% Senior Secured Notes due 2030 (the "Notes") for aggregate gross proceeds of US$140.0 million (the "Offering"). The size of the Offering was increased given market demand for the Notes.","length":484,"tagName":"p"},{"type":"image","alt":"Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)","displaySize":"","headline":null,"caption":"Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":257,"url":"https://media.zenfs.com/en/cnwgroup.com/7d6a1aaddff80bfd774237fb96448085"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zx60UivjgPJ7cg0NcfCImQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ1MztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/7d6a1aaddff80bfd774237fb96448085","width":400,"height":257}},"href":"https://mma.prnewswire.com/media/1720011/Trulieve_LogoV1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Notes were issued at 100% of face value and are senior secured obligations of the Company. The Notes bear interest at a rate of 10.5% per annum, payable semi-annually in equal installments until the maturity date, unless earlier redeemed or repurchased. The Notes will mature on December 17, 2030, and may be redeemed in whole or in part, at any time from time to time, on or after December 17, 2027 at the applicable redemption price set forth in the second supplemental indenture governing the Notes.","length":506,"tagName":"p"},{"type":"text","content":"The Offering was conducted on a "best-efforts" basis pursuant to the terms of an amended and restated agency agreement, between the Company and Canaccord Genuity Corp., as sole agent and sole bookrunner. The Company has made the required filings to list the Notes on the Canadian Securities Exchange (the "CSE") following the expiry of the four-month Canadian statutory hold period.","length":402,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering for capital expenditures and other general corporate purposes.","length":...