[8-K] Jushi Holdings Inc. Reports Material Event
Jushi Holdings Inc. amended a loan agreement to increase the outstanding principal by $4,000,000, extend the maturity to September 18, 2030, and lower the interest rate floor from 8.25% to 7.50% while the effective rate remains the 30-day secured overnight financing rate plus 3.55%. The loan continues to be principally secured by Jushi's cultivation and manufacturing facility in Manassas, Virginia, and $761,113.98 of the additional proceeds must be held in a restricted account for completion of construction-related conditions on the property.
The company furnished a press release dated September 22, 2025 about the modification and filed the full Modification Agreement as Exhibit 10.1, with the press release included as Exhibit 99.1 to the Current Report.
Jushi Holdings Inc. ha modificato un contratto di prestito per aumentare il capitale residuo di 4.000.000 dollari, estendere la scadenza al 18 settembre 2030 e abbassare la soglia del tasso di interesse da 8,25% a 7,50%, mantenendo però il tasso effettivo al 30-day secured overnight financing rate plus 3.55%. Il prestito resta principalmente garantito dall’impianto di coltivazione e produzione di Jushi a Manassas, in Virginia, e 761.113,98 dollari dei fondi aggiuntivi devono essere trattenuti in un conto vincolato per completare le condizioni di costruzione relative alla proprietà.
La società ha fornito un comunicato stampa datato 22 settembre 2025 relativo alla modifica e ha depositato l’accordo di modifica completo come Allegato 10.1, con il comunicato stampa incluso come Allegato 99.1 al Current Report.
Jushi Holdings Inc. enmendó un acuerdo de préstamo para aumentar el principal pendiente en 4.000.000 dólares, extender la madurez hasta el 18 de septiembre de 2030 y reducir el piso de la tasa de interés de 8,25% a 7,50%, manteniendo la tasa efectiva en el 30-day secured overnight financing rate plus 3.55%. El préstamo continúa siendo principalmente garantizado por las instalaciones de cultivo y fabricación de Jushi en Manassas, Virginia, y 761.113,98 dólares de los fondos adicionales deben mantenerse en una cuenta restringida para completar las condiciones de construcción sobre la propiedad. La empresa proporcionó un comunicado de prensa con fecha del 22 de septiembre de 2025 sobre la modificación y presentó el Acuerdo de Modificación completo como Anexo 10.1, con el comunicado de prensa incluido como Anexo 99.1 al Informe Actual.
주시 홀딩스 주식회사는 남은 원금을 4,000,000달러 증가시키고 만기를 2030년 9월 18일로 연장하며 이자율 하한을 8.25%에서 7.50%로 낮추었고, 실효 금리는 여전히 30일 보장 금리 + 3.55%를 유지합니다. 대출은 여전히 주로 매너사스(버지니아주)의 재배 및 제조 시설에 의해 담보되며, 추가 차입금 중 761,113.98달러는 부동산 관련 건설 조건의 완료를 위해 제한 계좌에 보관되어야 합니다. 회사는 수정에 관한 2025년 9월 22일자 보도자료를 제공했고, 전체 수정 계약서를 부록 10.1로 제출했으며 보도자료는 현재 보고서의 부록 99.1로 포함되어 있습니다.
Jushi Holdings Inc. a modifié une convention de prêt pour augmenter le principal en souffrance de 4 000 000 dollars, porter l’échéance au 18 septembre 2030 et réduire le plancher du taux d’intérêt de 8,25% à 7,50%, tout en maintenant le taux effectif au taux de financement garanti sur 30 jours plus 3,55%. Le prêt demeure principalement garanti par l’installation de culture et de fabrication de Jushi à Manassas, en Virginie, et 761 113,98 dollars des fonds supplémentaires doivent être conservés sur un compte restreint pour satisfaire les conditions de construction relatives à la propriété. L’entreprise a communiqué un communiqué de presse daté du 22 septembre 2025 concernant la modification et a déposé l’intégralité de l’Accord de Modification en tant qu’Exhibit 10.1, le communiqué de presse étant inclus en tant qu’Exhibit 99.1 au Current Report.
Jushi Holdings Inc. hat eine Kreditvereinbarung geändert, um den ausstehenden Kapitalbetrag um 4.000.000 USD zu erhöhen, die Fälligkeit auf den 18. September 2030 zu verlängern und die Zinssatzuntergrenze von 8,25% auf 7,50% zu senken, während der effektive Zinssatz unverändert 30-Tage-Sicherungs-Übernacht-Finanzierungsrate zuzüglich 3,55% beträgt. Der Kredit bleibt hauptsächlich durch Jushis Anbau- und Fertigungsanlage in Manassas, Virginia, gesichert, und 761.113,98 USD der zusätzlichen Mittel müssen auf einem eingeschränkten Konto gehalten werden, um die Abschlussbedingungen der Immobilie zu erfüllen. Das Unternehmen hat eine Pressemitteilung mit dem Datum 22. September 2025 über die Modifikation vorgelegt und die vollständige Änderungsvereinbarung als Anhang 10.1 eingereicht, wobei die Pressemitteilung als Anhang 99.1 zum Current Report enthalten ist.
قامت شركة Jushi Holdings Inc. بتعديل اتفاقية قرض لزيادة principal المستحق بمقدار 4,000,000 دولار، وتمديد تاريخ الاستحقاق حتى 18 سبتمبر 2030، وتخفيض حد سعر الفائدة من 8.25% إلى 7.50% مع بقاء معدل الفعلي كما هو وهو 30-day secured overnight financing rate plus 3.55%. يبقى القرض مضمونا بشكل رئيسي من قبل منشأة الزراعة والتصنيع الخاصة بـ Jushi في ماناساس، في فيرجينيا، ويجب الاحتفاظ بــ 761,113.98 دولار من الأموال الإضافية في حساب مقيد لإتمام شروط البناء المتعلقة بالعقار. قدمت الشركة بياناً صحفياً بتاريخ 22 سبتمبر 2025 بخصوص التعديل وقامت بتقديم اتفاقية التعديل الكاملة كـالمرفق 10.1، مع إدراج البيان الصحفي كمرفق 99.1 في التقرير الحالي.
Jushi Holdings Inc. 修改了贷款协议，将未偿本金增加 4,000,000 美元，将到期日延长至 2030 年 9 月 18 日，并将利率下限从 8.25% 降至 7.50%，但实际利率仍为 30 天担保隔夜融资利率 + 3.55%。贷款仍主要由 Jushi 在弗吉尼亚州曼纳萨斯的种植与制造设施提供担保，额外资金中的 761,113.98 美元 必须留在受限账户中，以完成与该物业相关的建筑条件。公司就此次修改披露了日期为 2025 年 9 月 22 日 的新闻稿，并将完整的修改协议作为附件 10.1 提交，新闻稿作为附件 99.1 纳入当前报告。
- $4,000,000 of additional loan proceeds provide immediate liquidity
- Maturity extended to September 18, 2030, reducing near-term refinancing pressure
- Interest-rate floor lowered from 8.25% to 7.50%, decreasing minimum interest cost
- Loan remains principally secured by the Manassas facility, increasing secured leverage on that asset
- $761,113.98 of proceeds are restricted, reducing available cash for other uses
- Interest rate remains variable at SOFR+3.55%, keeping exposure to rising short-term rates
Insights
TL;DR Loan amended for $4.0M additional proceeds, extended maturity, secured by property; interest remains SOFR+3.55% with a lower floor.
The modification provides near-term liquidity of $4.0 million and pushes the debt maturity to 2030, reducing immediate refinancing pressure. Keeping the floating rate at SOFR+3.55% means interest cost will track market rates, while lowering the floor to 7.50% slightly reduces the minimum coupon burden if short-term rates decline. The required restricted account of $761,113.98 reduces usable cash from the proceeds until construction conditions are satisfied. Overall, this is a financing adjustment that balances added liquidity with continued collateral restrictions.
TL;DR Amendment increases secured indebtedness and extends tenor, offering breathing room but keeping property-level security and restrictions.
From a capital-structure perspective, the change increases secured liabilities against the Manassas facility and earmarks a material portion of proceeds for construction obligations, which limits flexibility. Extending maturity to September 18, 2030 mitigates near-term refinancing risk. The unchanged spread of SOFR+3.55% preserves rate sensitivity; lowering the floor to 7.50% reduces the guaranteed minimum interest slightly. This is a pragmatic lender-driven amendment that appears to prioritize collateral protection while providing additional funding.
Jushi Holdings Inc. ha modificato un contratto di prestito per aumentare il capitale residuo di 4.000.000 dollari, estendere la scadenza al 18 settembre 2030 e abbassare la soglia del tasso di interesse da 8,25% a 7,50%, mantenendo però il tasso effettivo al 30-day secured overnight financing rate plus 3.55%. Il prestito resta principalmente garantito dall’impianto di coltivazione e produzione di Jushi a Manassas, in Virginia, e 761.113,98 dollari dei fondi aggiuntivi devono essere trattenuti in un conto vincolato per completare le condizioni di costruzione relative alla proprietà.
La società ha fornito un comunicato stampa datato 22 settembre 2025 relativo alla modifica e ha depositato l’accordo di modifica completo come Allegato 10.1, con il comunicato stampa incluso come Allegato 99.1 al Current Report.
Jushi Holdings Inc. enmendó un acuerdo de préstamo para aumentar el principal pendiente en 4.000.000 dólares, extender la madurez hasta el 18 de septiembre de 2030 y reducir el piso de la tasa de interés de 8,25% a 7,50%, manteniendo la tasa efectiva en el 30-day secured overnight financing rate plus 3.55%. El préstamo continúa siendo principalmente garantizado por las instalaciones de cultivo y fabricación de Jushi en Manassas, Virginia, y 761.113,98 dólares de los fondos adicionales deben mantenerse en una cuenta restringida para completar las condiciones de construcción sobre la propiedad. La empresa proporcionó un comunicado de prensa con fecha del 22 de septiembre de 2025 sobre la modificación y presentó el Acuerdo de Modificación completo como Anexo 10.1, con el comunicado de prensa incluido como Anexo 99.1 al Informe Actual.
주시 홀딩스 주식회사는 남은 원금을 4,000,000달러 증가시키고 만기를 2030년 9월 18일로 연장하며 이자율 하한을 8.25%에서 7.50%로 낮추었고, 실효 금리는 여전히 30일 보장 금리 + 3.55%를 유지합니다. 대출은 여전히 주로 매너사스(버지니아주)의 재배 및 제조 시설에 의해 담보되며, 추가 차입금 중 761,113.98달러는 부동산 관련 건설 조건의 완료를 위해 제한 계좌에 보관되어야 합니다. 회사는 수정에 관한 2025년 9월 22일자 보도자료를 제공했고, 전체 수정 계약서를 부록 10.1로 제출했으며 보도자료는 현재 보고서의 부록 99.1로 포함되어 있습니다.
Jushi Holdings Inc. a modifié une convention de prêt pour augmenter le principal en souffrance de 4 000 000 dollars, porter l’échéance au 18 septembre 2030 et réduire le plancher du taux d’intérêt de 8,25% à 7,50%, tout en maintenant le taux effectif au taux de financement garanti sur 30 jours plus 3,55%. Le prêt demeure principalement garanti par l’installation de culture et de fabrication de Jushi à Manassas, en Virginie, et 761 113,98 dollars des fonds supplémentaires doivent être conservés sur un compte restreint pour satisfaire les conditions de construction relatives à la propriété. L’entreprise a communiqué un communiqué de presse daté du 22 septembre 2025 concernant la modification et a déposé l’intégralité de l’Accord de Modification en tant qu’Exhibit 10.1, le communiqué de presse étant inclus en tant qu’Exhibit 99.1 au Current Report.
Jushi Holdings Inc. hat eine Kreditvereinbarung geändert, um den ausstehenden Kapitalbetrag um 4.000.000 USD zu erhöhen, die Fälligkeit auf den 18. September 2030 zu verlängern und die Zinssatzuntergrenze von 8,25% auf 7,50% zu senken, während der effektive Zinssatz unverändert 30-Tage-Sicherungs-Übernacht-Finanzierungsrate zuzüglich 3,55% beträgt. Der Kredit bleibt hauptsächlich durch Jushis Anbau- und Fertigungsanlage in Manassas, Virginia, gesichert, und 761.113,98 USD der zusätzlichen Mittel müssen auf einem eingeschränkten Konto gehalten werden, um die Abschlussbedingungen der Immobilie zu erfüllen. Das Unternehmen hat eine Pressemitteilung mit dem Datum 22. September 2025 über die Modifikation vorgelegt und die vollständige Änderungsvereinbarung als Anhang 10.1 eingereicht, wobei die Pressemitteilung als Anhang 99.1 zum Current Report enthalten ist.
FAQ
What change did JUSHF make to its loan agreement?
Is the loan secured and what collateral is involved?
Were any of the new loan proceeds restricted?
Did Jushi issue public disclosure about the amendment?
Has the effective interest spread changed?
