Ascend Wellness Holdings Enters into Agency Agreement to Issue $15 Million of Senior Secured Notes

NEW YORK, Jan. 10, 2025 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH”, “Ascend” or the “Company”) (CSE: AAWH-U.CN) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, is pleased to announce it has entered into an agency agreement with Seaport Global Securities LLC (the “Agent”) on January 10, 2025, in connection with a proposed private placement of $15 million of its 12.75% Senior Secured Notes due 2029 (the “Notes”). The Notes will form part of the same series of the $235 million aggregate principal amount of the Company’s 12.75% senior secured notes due 2029 issued on July 16, 2024. The Notes are expected to be issued at a price of 97.00% of face value (the “Offering”). The Notes will be issued pursuant to and governed by a trust indenture entered into as of July 16, 2024 (the “Indenture”), as amended and supplemented by a first supplemental indenture to be dated as of the closing date of the Offering (the “Supplemental Indenture”). The Company intends to use the net proceeds of the Notes for general corporate purposes, including to fund growth initiatives. The Offering is expected to close on or about January 13, 2025, subject to customary closing conditions.