Canopy Growth Slashes Debt With $100M Loan Prepayment, Saves $14M In Interest
Canopy Growth Slashes Debt With $100M Loan Prepayment, Saves $14M In Interest
As previously announced in August 2024, this prepayment was agreed to between the company and its senior lenders as part of a series of amendments to the term loan which, among other things, included an extension of the term loan's maturity date to Dec. 18, 2026. Under the loan amendment, Canopy Growth has the option to make an additional prepayment equal to $100 million at a discounted price of $97.5 million by March 31, 2025. If payment of the second prepayment is made, the maturity date of the term loan will automatically further extend to September 18, 2027.Cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) has made an early payment of $100 million on its senior secured loan at a discounted price of $97.5 million. This move reduces the company's debt and saves around $14 million in annual interest costs, while highlighting its focus on financial discipline.
大麻巨头canopy growth 公司（tsx:weed）（纳斯达克:cgc）以折价的价格$9750万提前还清了一笔10000万美元的优先担保贷款。此举减少了公司的债务，节省了约1400万美元的年度利息成本，凸显了其对财务纪律的关注。
"This early prepayment reflects our ongoing commitment to reducing cash burn and strengthening our capital structure," stated Judy Hong, CFO of Canopy Growth. "Our proactive steps to reduce debt and extend maturity enhance our balance sheet flexibility to invest in growth areas and drive long-term value creation for our shareholders."
“这次提前偿还反映了我们持续减少现金燃烧和加强资本结构的承诺，”Canopy Growth 的首席财务官朱迪·洪表示。“我们积极采取的措施，减少债务并延长到期日，增强了我们的资产负债表灵活性，以投资于增长领域，并为股东创造长期价值。”
Read Also: Cannabis Debt Looms For These Weed Giants: Here's How Some Tackled Their Financial Challenges
阅读更多：大麻巨头们面临债务：这些大麻巨头如何应对他们的财务挑战
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As previously announced in August 2024, this prepayment was agreed to between the company and its senior lenders as part of a series of amendments to the term loan which, among other things, included an extension of the term loan's maturity date to Dec. 18, 2026. Under the loan amendment, Canopy Growth has the option to make an additional prepayment equal to $100 million at a discounted price of $97.5 million by March 31, 2025. If payment of the second prepayment is made, the maturity date of the term loan will automatically further extend to September 18, 2027.
正如2024年8月先前宣布的那样，这一提前还款是公司与优先债权人之间一系列关于贷款条款的修改的一部分，其中包括将贷款到期日延长到2026年12月18日。根据贷款修正案，Canopy Growth有权在2025年3月31日之前以折价的价格$9750万再次提前还清另外10000万美元。如果付清第二期提前还款，贷款到期日将自动延长至2027年9月18日。
The company's move to improve its balance sheet, comes on the heels of Canopy Growth's acquisition of top edibles brand – Wana, which generated roughly $150 million in retail sales across 19 states in 2023. The deal includes Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. The top edibles brand, Wana,
该公司对改善资产负债表的举措，正值Canopy Growth 收购顶级零食品牌Wana之后。Wana在2023年在19个州创造了约$15000万的零售额。该交易包括Wana Wellness、The CIMA Group和Mountain High Products。顶级零食品牌Wana
CGC Price Action
CGC股价行为
Canopy Growth shares traded 0.70% lower at $4.23 per share during Thursday's pre-market session.
周四盘前，canopy growth 分享下跌0.70%，报每股$4.23。
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Photo: Courtesy of Branding Pot via Shutterstock
图片：由Brand Pot通过Shutterstock提供。
