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CL - Cresco Labs Inc News Story

C$8.76 0.3  4.0%

Last Trade - 7:43pm

Sector
Healthcare
Size
Mid Cap
Market Cap £1.65bn
Enterprise Value £1.81bn
Revenue £133.2m
Position in Universe 147th / 2675

BRIEF-Cresco Labs Announces Signing Of Senior Secured Credit Agreement

Thu 23rd January, 2020 12:56pm
Jan 23 (Reuters) - Cresco Labs Inc  CL.CD :
    * CRESCO LABS ANNOUNCES SIGNING OF SENIOR SECURED CREDIT
AGREEMENT
    * CRESCO LABS - ENTERED INTO A NON-BROKERED CREDIT AGREEMENT
FOR
SENIOR SECURED TERM LOAN IN AN INITIAL AMOUNT OF UP TO $100
MILLION
    * CRESCO LABS INC - CREDIT AGREEMENT INCLUDES MUTUAL OPTION
TO
INCREASE TO UP TO $200 MILLION
    * CRESCO LABS - EXPECTS TO COMPLETE AN INITIAL DRAWDOWN OF
UP TO
$100 MILLION ON OR ABOUT JANUARY 30, 2020
    * CRESCO LABS INC - PROCEEDS FROM SENIOR LOAN WILL BE USED
TO FUND
EXPANSION OF OPERATIONS IN ILLINOIS
    * CRESCO LABS INC - PROCEEDS FROM SENIOR LOAN WILL BE ALSO
USED TO
FUND CLOSING AND INTEGRATION COSTS ASSOCIATED WITH PENDING
ACQUISITIONS

Source text for Eikon:  ID:nBw6kDvk5a 
Further company coverage:  CL.CD 

 ((Reuters.Briefs@thomsonreuters.com;))
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