By Devika Patel
Knoxville, Tenn., April 30 – KushCo Holdings, Inc. arranged a private placement of $21.3 million of 18-month 0% original issue discount senior notes with a single investor on April 29, according to an 8-K filed with the Securities and Exchange Commission.
Canaccord Genuity LLC was the agent.
The company must repay 120% of the $20 million gross proceeds it receives for $24 million at maturity.
Based in Garden Grove, Calif., KushCo is the parent of subsidiaries within the cannabis, CBD and other related industries.
| Issuer: | KushCo Holdings, Inc.
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| Issue: | Senior original issue discount notes
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| Amount: | $21.3 million
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| Maturity: | 18 months
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| Coupon: | 0%
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| Price: | $20 million
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| Call: | With a redemption percentage
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| Agents: | Canaccord Genuity LLC
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| Pricing date: | April 29
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| Settlement date: | April 30
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| Distribution: | Private placement
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