Ascend Wellness adds $28.5 million of loans under Seaport facility

By Wendy Van Sickle

Columbus, Ohio, June 30 – Ascend Wellness Holdings, Inc. added the remaining $28.5 million of term loans available via the increase option of its existing senior secured term loan with Seaport Global Securities LLC as lead manager, according to a press release.

The company entered the term loan agreement for an initial $210 million in August 2021 with an option to increase the facility by up to $65 million. Ascend previously expanded the facility via that feature by $36.5 million in May. This final expansion brings the total credit facility to $275 million.

Ascend Wellness is a vertically integrated cannabis multi-state operator based in New York.

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