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Sundial announces C$50 million prepayment on senior secured facility
By Cady Vishniac
Detroit, Dec. 15 – Sundial Growers Inc. has made a C$50 million prepayment on its senior secured non-revolving term credit facility, according to a 6-K filing with the Securities and Exchange Commission.
The repayment will reduce annual interest costs by C$2.5 million. The company still owes C$22 million under the facility and has a cash balance of approximately C$39 million.
Sundial is a cannabis company based in Calgary, Alta.
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