By Devika Patel
Knoxville, Tenn., Dec. 4 – Ayr Strategies Inc. negotiated a $75 million private placement of 12.5% four-year senior secured notes in Canada, according to a press release. There is a $25 million greenshoe.
Canaccord Genuity Corp. is the lead agent.
Ayr is a cannabis company based in Toronto.
| Issuer: | Ayr Strategies Inc.
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| Issue: | Senior secured notes
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| Amount: | $75 million
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| Greenshoe: | $25 million
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| Maturity: | Four years
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| Coupon: | 12.5%
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| Agent: | Canaccord Genuity Corp. (lead)
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| Announcement date: | Dec. 4
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| Distribution: | Private placement
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