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0.0104313810713898 0.0105400412908833 -0.000434640877974646 -0.000325980658481015 0.0105400412908833 0.0105400412908833 0.0191241986308812 -0.0111920026078454
Stock impact report

Canopy Growth Strengthens Balance Sheet with Optional Early Prepayment to Reduce Term Loan by US$100 Million [Yahoo! Finance]

Canopy Growth Corporation - Common Shares (CGC) 
Company Research Source: Yahoo! Finance
a "designated news release" for the purposes of Canopy Growth's prospectus supplement dated June 6, 2024 to its short form base shelf prospectus dated February 28, 2025 SMITHS FALLS, Ontario, April 01, 2025 BUSINESS WIRE )--Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today that it has made an optional early prepayment under its senior secured term loan (the "Term Loan") in an aggregate principal amount equal to US$100 million at a discounted price of US$97.5 million. This results in interest expense savings of approximately US$13 million on an annualized basis. "Canopy has further improved its balance sheet with this early prepayment by reducing our overall debt position as well as lowering annual interest costs," said Judy Hong, CFO of Canopy Growth. "In addition, with this prepayment now made, we have no material debt obligation u Show less Read more
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