Canopy Growth Slashes Debt With $100M Loan Prepayment, Saves $14M In Interest
Canopy Growth Slashes Debt With $100M Loan Prepayment, Saves $14M In Interest
As previously announced in August 2024, this prepayment was agreed to between the company and its senior lenders as part of a series of amendments to the term loan which, among other things, included an extension of the term loan's maturity date to Dec. 18, 2026. Under the loan amendment, Canopy Growth has the option to make an additional prepayment equal to $100 million at a discounted price of $97.5 million by March 31, 2025. If payment of the second prepayment is made, the maturity date of the term loan will automatically further extend to September 18, 2027.Cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) has made an early payment of $100 million on its senior secured loan at a discounted price of $97.5 million. This move reduces the company's debt and saves around $14 million in annual interest costs, while highlighting its focus on financial discipline.
大麻巨頭canopy growth 公司（tsx:weed）（納斯達克:cgc）以折價的價格$9750萬提前還清了一筆10000萬美元的優先擔保貸款。此舉減少了公司的債務，節省了約1400萬美元的年度利息成本，凸顯了其對財務紀律的關注。
"This early prepayment reflects our ongoing commitment to reducing cash burn and strengthening our capital structure," stated Judy Hong, CFO of Canopy Growth. "Our proactive steps to reduce debt and extend maturity enhance our balance sheet flexibility to invest in growth areas and drive long-term value creation for our shareholders."
「這次提前償還反映了我們持續減少現金燃燒和加強資本結構的承諾，」Canopy Growth 的首席財務官朱迪·洪表示。「我們積極採取的措施，減少債務並延長到期日，增強了我們的資產負債表靈活性，以投資於增長領域，併爲股東創造長期價值。」
Read Also: Cannabis Debt Looms For These Weed Giants: Here's How Some Tackled Their Financial Challenges
閱讀更多：大麻巨頭們面臨債務：這些大麻巨頭如何應對他們的財務挑戰
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As previously announced in August 2024, this prepayment was agreed to between the company and its senior lenders as part of a series of amendments to the term loan which, among other things, included an extension of the term loan's maturity date to Dec. 18, 2026. Under the loan amendment, Canopy Growth has the option to make an additional prepayment equal to $100 million at a discounted price of $97.5 million by March 31, 2025. If payment of the second prepayment is made, the maturity date of the term loan will automatically further extend to September 18, 2027.
正如2024年8月先前宣佈的那樣，這一提前還款是公司與優先債權人之間一系列關於貸款條款的修改的一部分，其中包括將貸款到期日延長到2026年12月18日。根據貸款修正案，Canopy Growth有權在2025年3月31日之前以折價的價格$9750萬再次提前還清另外10000萬美元。如果付清第二期提前還款，貸款到期日將自動延長至2027年9月18日。
The company's move to improve its balance sheet, comes on the heels of Canopy Growth's acquisition of top edibles brand – Wana, which generated roughly $150 million in retail sales across 19 states in 2023. The deal includes Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. The top edibles brand, Wana,
該公司對改善資產負債表的舉措，正值Canopy Growth 收購頂級零食品牌Wana之後。Wana在2023年在19個州創造了約$15000萬的零售額。該交易包括Wana Wellness、The CIMA Group和Mountain High Products。頂級零食品牌Wana
CGC Price Action
CGC股價行爲
Canopy Growth shares traded 0.70% lower at $4.23 per share during Thursday's pre-market session.
週四盤前，canopy growth 分享下跌0.70%，報每股$4.23。
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Photo: Courtesy of Branding Pot via Shutterstock
圖片：由Brand Pot通過Shutterstock提供。
譯文內容由第三人軟體翻譯。
