Curaleaf Upsizes Revolving Credit Facility to $100 Million with Needham Bank
Curaleaf (OTCQX: CURLF) announced an amended and restated secured revolving credit agreement with Needham Bank on October 14, 2025, increasing capacity from $40 million to $100 million and extending the potential maturity to up to five years. The facility carries an initial one-year term with interest at 7.99% and a potential step-up to 8.99% if the company refinances its Senior Note due 2026. Curaleaf plans to use the new capacity to pay at least $50 million of remaining higher-interest acquisition-related debt while preserving liquidity for working capital and growth initiatives. The company describes the transaction as the largest U.S. cannabis-sector revolving facility to date, intended to broaden institutional lending access for the industry.
Curaleaf (OTCQX: CURLF) ha annunciato un nuovo accordo di credito revolving garantito, riveduto e riassunto con Needham Bank il 14 ottobre 2025, aumentando la capacità da $40 milioni a $100 milioni e estendendo la possibile maturità fino a cinque anni. La struttura prevede inizialmente una durata di un anno con interesse al 7,99% e un possibile incremento al 8,99% se l'azienda rifinanzia il Senior Note in scadenza nel 2026. Curaleaf intende utilizzare la nuova capacità per estinguere almeno $50 milioni di debito acquisizione ad alto interesse rimanente, mantenendo liquidità per capitale circolante e iniziative di crescita. L'azienda descrive la transazione come la prima grande linea revolving nel settore cannabis statunitense fino ad oggi, destinata ad ampliare l'accesso al finanziamento istituzionale per l'industria.
Curaleaf (OTCQX: CURLF) anunció un acuerdo de crédito revolvente garantizado, modificado y restablecido con Needham Bank el 14 de octubre de 2025, aumentando la capacidad de $40 millones a $100 millones y extendiendo la madurez potencial a hasta cinco años. La facilidad tiene un plazo inicial de un año con intereses del 7,99% y un posible incremento al 8,99% si la empresa refinancia su Senior Note con vencimiento en 2026. Curaleaf planea usar la nueva capacidad para pagar al menos $50 millones de la deuda de adquisición de mayor interés que quede, manteniendo liquidez para el capital de trabajo y las iniciativas de crecimiento. La empresa describe la operación como la mayor facilidad revolving del sector cannabis en EE. UU. hasta la fecha, destinada a ampliar el acceso de los prestamistas institucionales para la industria.
Curaleaf (OTCQX: CURLF)가 Needham Bank와의 보증이 있는 회전 신용계약을 수정하고 재작성했다고 2025년 10월 14일에 발표했고, 가능 한 한도를 $40 million에서 $100 million로 증가시키고 잠재적 만기를 최대 5년까지 연장했습니다. 이 시설은 초기 1년 기간으로 이자율은 7.99%이며 회사가 2026년 만기 Senior Note를 재융자하면 8.99%로 상승할 수 있습니다. Curaleaf는 새로운 한도를 활용해 남아 있는 고금리 인수 관련 채무를 최소 $50 million까지 상환하고 운영자본과 성장 이니셔티브를 위한 유동성을 유지할 계획입니다. 회사는 이 거래를 미국 대마초 부문에서 지금까지 가장 큰 회전 신용 한도라고 설명하며 업계에 대한 기관 대출 접근성을 넓히려는 목적이라고 밝혔습니다.
Curaleaf (OTCQX: CURLF) a annoncé un accord de crédit revolving garanti, modifié et réécrit avec Needham Bank le 14 octobre 2025, portant la capacité de $40 millions à $100 millions et prolongeant la maturité potentielle jusqu'à cinq ans. L’accord prévoit une période initiale d’un an avec un taux d’intérêt de 7,99% et une éventuelle hausse à 8,99% si l’entreprise refinançait son Senior Note dû en 2026. Curaleaf prévoit d’utiliser la nouvelle capacité pour rembourser au moins $50 millions de la dette liée à des acquisitions à haut intérêt encore en cours, tout en préservant la liquidité pour le fonds de roulement et les initiatives de croissance. L’entreprise décrit la transaction comme la plus grande facilité revolving du secteur cannabis américain à ce jour, destinée à élargir l’accès au financement institutionnel pour l’industrie.
Curaleaf (OTCQX: CURLF) gab am 14. Oktober 2025 eine geänderte und neu formulierte besicherte revolvierende Kreditfazilität mit Needham Bank bekannt, wodurch die Kapazität von $40 Millionen auf $100 Millionen erhöht wurde und die potenzielle Laufzeit auf bis zu fünf Jahre verlängert wurde. Die Fazilität hat eine anfängliche Laufzeit von einem Jahr mit einem Zinssatz von 7,99% und eine mögliche Erhöhung auf 8,99%, falls das Unternehmen seine Senior Note fällig 2026 refinanziert. Curaleaf plant, die neue Kapazität zu nutzen, um mindestens $50 Millionen der verbleibenden höher verzinsten Akquisitionsverbindlichkeiten abzubauen und gleichzeitig Liquidität für Working Capital und Wachstumsinitiativen zu sichern. Das Unternehmen beschreibt die Transaktion als bislang größte revolvierende Finanzierung im US-Kanabis-Sektor und zielt darauf ab, den institutionellen Kreditmarkt für die Branche zu erweitern.
Curaleaf (OTCQX: CURLF) أعلنت عن اتفاقية ائتمانية دوارة مضمونة معدلة ومعاد صياغتها مع Needham Bank في 14 أكتوبر 2025، بزيادة السعة من $40 مليوناً إلى $100 مليون وتمديد إمكانية الاستحقاق حتى حتى خمس سنوات. تتمتع التسهيلة بفترة ابتدائية مدتها سنة واحدة بفائدة 7.99% وإمكانية رفعها إلى 8.99% إذا أعادت الشركة تمويل سندها الأعلى فئة Senior Note المستحق في 2026. تخطط Curaleaf لاستخدام القدرة الجديدة لسداد ما لا يقل عن $50 مليون من الدين المرتبط بالاستحواذ عالي الفائدة مع الحفاظ على السيولة لرأس المال العامل ومبادرات النمو. تصف الشركة الصفقة بأنها أكبر تسهيل revolving في قطاع القنب الأمريكي حتى تاريخه، بهدف توسيع الوصول إلى القروض المؤسسية للصناعة.
Curaleaf (OTCQX: CURLF) 于 2025年10月14日宣布与 Needham Bank 签订经修订并重新表述的有担保循环信贷协议，将额度从 $40 百万美元提升至 $100 百万美元，并将潜在到期日延长至 最多五年。该安排初始为一年期，利率为 7.99%，如果公司对其 2026 年到期的 Senior Note 进行再融资，利率可能上调至 8.99%。Curaleaf 计划利用新额度至少偿还 $50 百万美元的其余高利率并购相关债务，同时为周转资金和增长计划保留流动性。公司将该交易描述为迄今为止美国大麻行业中最大的循环信贷额度，旨在扩大对行业的机构贷款渠道。
- Facility upsized from $40M to $100M
- Planned paydown of at least $50M higher-interest debt
- Maturity extension option up to five years
- Initial one-year term creates near-term extension risk
- Interest rate at 7.99% (steps to 8.99% if Senior Note refinanced)
- Secured facility implies lender liens on assets
Represents the largest revolving credit facility in the
Landmark financing marks a significant step forward for institutional lending in cannabis
Boris Jordan, Chairman and CEO of Curaleaf, said "I couldn't be prouder of our team for the focus, discipline, and collaboration that made completing this
"This first of-its-kind transaction of this scale in the cannabis industry was backed by the direct support and strong conviction of our lenders in our business and future," said Ed Kremer CFO of Curaleaf. "It represents a significant step toward broader access to capital markets and signals progress toward establishing financial standards in a sector that has historically faced limited institutional participation. We are proud to have longstanding partners who not only champion our vision but also contribute to the advancement of the cannabis industry. This strengthened capital position will be key to advancing our growth initiatives, enhancing operational capabilities, and preserving financial flexibility during this critical phase of industry transformation," added Mr. Kremer.
The upsized secured revolving Credit Facility has an initial term of one year and bears interest on any outstanding principal of
About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf, Select, Grassroots, Find, Anthem and The Hemp Company provide industry-leading service, product selection and accessibility across the medical and adult use markets. Curaleaf International is powered by a strong presence in all stages of the supply chain. Its unique distribution network throughout
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Investor Contact:
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IR@curaleaf.com
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SOURCE Curaleaf Holdings, Inc.
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