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TerrAscend announces $37M paydown of senior secured term loan
The Fly

TerrAscend announces $37M paydown of senior secured term loan

TerrAscend announced that its subsidiary, WDB Holding PA, Inc., has completed the paydown of $37 million of its senior secured term loan in Pennsylvania, which bears a fixed interest rate of 12.875%. The paydown reduces the Loan outstanding in Pennsylvania to $78 million and reduces annual interest expense by $4.8 million.

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