Entourage Health extends credit facility by one month, defers covenants

By Marisa Wong

Los Angeles, June 1 – Entourage Health Corp. said it signed an additional amendment to its senior secured credit facility entered into on March 29, 2019 to secure an extension of the maturity date and a deferral of some financial covenants.

Entourage originally secured up to $39 million of debt financing over a three-year term ending in 2022.

The amendment extends the maturity date to June 30, 2022 from May 31, 2022.

The amendment also defers some financial covenants to June 30, subject to some conditions.

Entourage is a Toronto-based producer and distributor of cannabis products.

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