By Devika Patel
Knoxville, Tenn., July 8 – SOL Global Investments Corp. said it placed C$50 million of two-year 6% senior secured debentures.
The debenture may be repaid in cash or in kind.
Proceeds will be used for working capital and general corporate purposes and to finance the continued build-out of SOL Global’s hemp and CBD strategy.
The investment company is based in Toronto.
| Issuer: | SOL Global Investments Corp.
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| Issue: | Senior secured debentures
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| Amount: | C$50 million
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| Maturity: | Two years
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| Coupon: | 6%
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| Settlement date: | July 8
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| Distribution: | Private placement
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