Flower One Restructures Its Term Debt And Master Lease
Flower One Restructures Its Term Debt And Master Lease
Flower One Holdings Inc. (OTCQX:FLOOF) (CSE:FONE) (FSE: F11) restructured its term debt and its master lease.
Flower One控股公司(OTCQX：FLOOF)(CSE：FONE)(FSE：F11)重組邊它的定期債務和主租約。
Term Debt Restructuring
術語DEBT重組
The company and certain of its subsidiaries have entered into a term debt modification agreement with RB Loan Portfolio II, LLC, with respect to the company's existing $45.65 million term debt, secured by the facility at 3950 N. Bruce St., North Las Vegas, Nevada. Through the term debt modification agreement, the company would:
該公司及其某些子公司已與以下公司簽訂了定期債務修改協議RB貸款組合II，有限責任公司，關於公司現有的 $45.65 百萬噸ERMdEBT，該設施位於內華達州北拉斯維加斯布魯斯街3950號。通過定期債務修改協議，該公司將：
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Defer interest payments through October 31, 2022, in order to provide additional liquidity to the business.
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Reduce the cash interest payments by 30%,
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Extend the maturity date of the term debt to January 31, 2026,
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Pay $9 million to the term lender on September 30, 2023, whereas the company has the option to pay this first loan paydown on January 31, 2024 with a 2.5% penalty.
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將利息支付推遲到2022年10月31日，以便為業務提供額外的流動性。
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減少30%的現金利息支付，
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將定期債務的到期日延長至2026年1月31日，
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在2023年9月30日向定期貸款人支付900萬美元，而該公司有權在2024年1月31日支付第一筆貸款，罰款2.5%。
Master Lease Restructuring
總租約重組
The company through its subsidiaries has also entered into a master lease modification agreement in connection with the agreement dated February 1, 2019 with RB Loan Portfolio I, LP, a Delaware limited partnership, regarding the equipment lease financing of certain equipment at the Bruce Facility, pursuant to which the lessor has agreed to forbear existing events of default and make certain modifications to the master lease, including:
本公司亦透過其附屬公司就日期為2019年2月1日的協議訂立總租約修訂協議。RB貸款組合I，LP，一家特拉華州有限合夥企業，涉及布魯斯設施某些設備的設備租賃融資，根據該融資協議，出租人同意放棄現有違約事件，並對主租賃進行某些修改，包括：
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The deferral of certain payments through October 31, 2022, in order to provide additional liquidity to the business.
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Revising the amortization schedule to enable a reduction in monthly payments for the duration of the master lease.
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Extend the maturity date of the Master Lease to March 3, 2025.
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將某些付款推遲到2022年10月31日，以便為業務提供額外的流動性。
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修訂攤銷時間表，以減少主租賃期間的每月付款。
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將主租約的到期日延長至2025年3月3日。
"Given the current state of the capital markets for cannabis, we are very pleased with this notable transaction. This crucial step in our restructuring not only provides the company with significant cash interest savings, but also allows for a deferral of interest payments, ensuring we are able to preserve capital," Araxie Grant, Flower One's CFO.
“鑑於大麻資本市場的現狀，我們對這筆引人注目的交易感到非常高興。我們重組的這一關鍵步驟不僅為公司節省了大量現金利息，還允許推遲支付利息，確保我們能夠保住資本。”阿拉克西·格蘭特，Flow One的首席財務官。
The company has determined that the term debt and master lease is exempt from the formal valuation and minority approval requirements applicable to related party transactions under Multilateral Instrument 61-101 - protection of minority security holders in special transactions ("MI 61-101") pursuant to the financial hardship exemptions set forth in Sections 5.5(g) and 5.7(1)(e) of MI 61-101.
本公司已根據MI 61-101第5.5(G)及5.7(1)(E)節所載財務困難豁免，釐定定期債務及總租賃豁免適用於多邊文書61-101-特別交易中少數證券持有人保護(“MI 61-101”)項下適用於關聯方交易的正式估值及少數股東批准要求。
Photo by Giorgio Trovato on Unsplash
Giorgio Trovato在Unspash上的照片
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譯文內容由第三人軟體翻譯。