Ayr Wellness seeks consents from holder of 12.5% notes due 2024

By Wendy Van Sickle

Columbus, Ohio, Oct. 1 – Ayr Wellness Inc. is soliciting consent from holders of its 12.5% senior secured notes due 2024, according to a news release.

The company said it is seeking to amend the indenture governing the notes but did not spell out its desired amendments.

A virtual meeting is to be held on Oct. 26 at 11 a.m. ET.

The record date for noteholder entitlement to vote at the meeting is 5 p.m. ET on Sept. 28.

If noteholders representing at least a majority of the notes deliver consents in favor of the amendments by 4 p.m. ET on Oct. 18, the resolution approving the amendments will be passed and the meeting will be canceled.

Noteholders who deliver consents will receive a consent fee of $0.25 per $1,000 principal amount if the necessary consents are received.

Carson Proxy Advisors (800 530-5189 or info@carsonproxy.com) is information agent.

Odyssey Trust Co. (888 290-1175 or corptrust@odysseytrust.com) is tabulation agent.

Ayr is a cannabis company based in Miami.

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