AYR Wellness Provides Update on Senior Note Interest Payment
AYR Wellness (OTCQX: AYRWF), a leading U.S. multi-state cannabis operator, announced it has missed its June 30, 2025 interest payment on its outstanding senior notes. If the payment is not made by July 30, 2025, it will trigger an event of default.
The company's Interim CEO Scott Davido stated this is a strategic step in their ongoing debt restructuring efforts. AYR is currently in discussions with majority noteholders regarding capital structure alternatives as part of a broader strategic review announced on May 30, 2025. The company maintains that the missed interest payment is not expected to impact its operational capabilities.
AYR Wellness (OTCQX: AYRWF), un importante operatore statunitense nel settore della cannabis multi-stato, ha annunciato di non aver effettuato il pagamento degli interessi previsto per il 30 giugno 2025 sulle sue obbligazioni senior in circolazione. Se il pagamento non verrà effettuato entro il 30 luglio 2025, si verificherà un evento di inadempienza.
Il CEO ad interim Scott Davido ha dichiarato che questa è una mossa strategica nell'ambito dei loro sforzi di ristrutturazione del debito in corso. AYR è attualmente in trattative con i principali detentori di obbligazioni riguardo a possibili alternative alla struttura del capitale, come parte di una revisione strategica più ampia annunciata il 30 maggio 2025. La società sostiene che il mancato pagamento degli interessi non dovrebbe influire sulle sue capacità operative.
AYR Wellness (OTCQX: AYRWF), un destacado operador estadounidense de cannabis en múltiples estados, anunció que no realizó el pago de intereses correspondiente al 30 de junio de 2025 sobre sus bonos senior pendientes. Si el pago no se efectúa antes del 30 de julio de 2025, se desencadenará un evento de incumplimiento.
El CEO interino Scott Davido declaró que esta es una medida estratégica dentro de sus esfuerzos continuos para reestructurar la deuda. AYR está actualmente en conversaciones con los principales tenedores de bonos sobre alternativas en la estructura de capital, como parte de una revisión estratégica más amplia anunciada el 30 de mayo de 2025. La empresa mantiene que el incumplimiento en el pago de intereses no debería afectar sus capacidades operativas.
AYR Wellness (OTCQX: AYRWF), 미국 내 다중 주에서 활동하는 주요 대마초 운영업체가 2025년 6월 30일 만기 고위 채권 이자 지급을 놓쳤다고 발표했습니다. 2025년 7월 30일까지 지급하지 않을 경우 채무 불이행 사태가 발생하게 됩니다.
임시 CEO 스콧 데이비도는 이번 조치가 진행 중인 부채 구조조정 노력의 전략적 단계라고 밝혔습니다. AYR은 2025년 5월 30일에 발표된 광범위한 전략 검토의 일환으로 주요 채권자들과 자본 구조 대안에 대해 협의 중입니다. 회사는 이자 지급 누락이 운영 능력에 영향을 미치지 않을 것으로 보고 있습니다.
AYR Wellness (OTCQX : AYRWF), un acteur majeur américain du cannabis opérant dans plusieurs États, a annoncé avoir manqué le paiement des intérêts dus le 30 juin 2025 sur ses obligations senior en circulation. Si le paiement n’est pas effectué avant le 30 juillet 2025, cela déclenchera un événement de défaut.
Le PDG par intérim Scott Davido a déclaré qu’il s’agissait d’une démarche stratégique dans le cadre de leurs efforts continus de restructuration de la dette. AYR est actuellement en discussions avec les principaux détenteurs d’obligations concernant des alternatives à la structure du capital, dans le cadre d’un examen stratégique plus large annoncé le 30 mai 2025. La société affirme que le défaut de paiement des intérêts ne devrait pas affecter ses capacités opérationnelles.
AYR Wellness (OTCQX: AYRWF), ein führender US-amerikanischer Multi-State-Cannabis-Anbieter, gab bekannt, dass die Zinszahlung für seine ausstehenden Senior Notes zum 30. Juni 2025 nicht geleistet wurde. Wenn die Zahlung nicht bis zum 30. Juli 2025 erfolgt, führt dies zu einem Zahlungsausfall.
Der Interim-CEO Scott Davido erklärte, dass dies ein strategischer Schritt im Rahmen der laufenden Schuldenrestrukturierung sei. AYR befindet sich derzeit in Gesprächen mit den Mehrheitsanleihegläubigern über Alternativen zur Kapitalstruktur im Zuge einer umfassenderen strategischen Überprüfung, die am 30. Mai 2025 angekündigt wurde. Das Unternehmen hält fest, dass die ausgebliebene Zinszahlung voraussichtlich keine Auswirkungen auf die operative Leistungsfähigkeit hat.
- Company maintains strong working relationship with majority noteholders
- Strategic debt restructuring could improve capital structure
- Business operations expected to continue without disruption
- Missed interest payment on senior notes
- Risk of default if payment not made by July 30, 2025
- Company undergoing financial restructuring indicating potential financial distress
MIAMI, July 02, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today confirms that it did not make the interest payment due on June 30, 2025 (the “Interest Payment”) in connection with the outstanding senior notes (the “Notes”) issued pursuant to its Amended and Restated Trust Indenture dated February 7, 2024. Should the Company not make the Interest Payment on or prior to July 30, 2025, that will result in an event of default in respect of the Notes.
“Today’s news reflects an appropriate step in our ongoing restructuring of our debt profile. As we continue the strategic review of our business and explore pathways to achieve the right capital structure, we continue to maintain a strong working relationship with the holders of a majority of our outstanding Notes,” said Scott Davido, Interim Chief Executive Officer of the Company.
As announced by the Company on May 30, 2025, the Company is actively engaged in discussions with the holders of a majority of the outstanding Notes regarding the exploration of capital structure alternatives as part of a broader review and assessment of other strategic alternatives.
The Company does not anticipate that the missed Interest Payment will result in any operational challenges with respect to its business.
Forward-Looking Statements
Certain statements contained in this news release may contain forward-looking information or may be forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "target", "expect", "anticipate", "believe", "foresee", "could", "would", "estimate", "goal", "outlook", "intend", "plan", "seek", "will", "may", "tracking", "pacing" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking statements pertaining to, among other things, statements regarding AYR’s ongoing discussions with holders of its senior notes, the exploration of capital structure alternatives, the review and assessment of other strategic alternatives, the Company making the Interest Payment by July 30, 2025 and the Company’s expectation that the missed Interest Payment will not result in operational challenges with respect to the Company’s business. Numerous risks and uncertainties could cause actual events and results to differ materially from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those anticipated. AYR has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About AYR Wellness Inc.
AYR Wellness is a vertically integrated, U.S. multi-state cannabis business. The Company operates simultaneously as a retailer with 90+ licensed dispensaries and a house of cannabis CPG brands.
AYR is committed to delivering high-quality cannabis products to its patients and customers while acting as a Force for Good for its team members and the communities that the Company serves. For more information, please visit www.ayrwellness.com.
Company/Media Contact:
Robert Vanisko
SVP, Public Affairs
T: (786) 885-0397
Email: comms@ayrwellness.com
Investor Relations Contact:
Sean Mansouri, CFA
Elevate IR
T: (786) 885-0397
FAQ
What happened to AYR Wellness (AYRWF) interest payment on June 30, 2025?
Why did AYR Wellness miss its interest payment?
What happens if AYR Wellness doesn't pay by July 30, 2025?
Will AYR Wellness operations be affected by the missed interest payment?
What strategic alternatives is AYR Wellness exploring?
