High Tide Announces Closing of Final Tranche of $15 Million Subordinated Debt Facility [Globe and Mail, The (Toronto, Canada)]
High Tide Inc. - Common Shares (HITI)
Company Research
Source: Globe and Mail, The
CALGARY, AB Nov. 13, 2024 /CNW/ - High Tide Inc. (" High Tide " or the "Company ") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it has closed the Final Tranche (as defined herein) of its previously disclosed subordinated debt facility of principal subordinate secured debentures of the Company (each, a " Debenture ") for aggregate gross proceeds of $15 million (the " Facility ") at a price of per Debenture, pursuant to subscription agreements with arm's length institutional credit providers (collectively, the " Lenders "). Pursuant to the Final Tranche, the Company issued 5,000 Debentures. The Debentures will mature on July 31, 2029 , and bear interest at a fixed rate of 12% per annum on drawn amounts, payable quarterly. The Debentures are governed by the terms and conditions of a debenture trust indenture between the Company and Olympia Trust Company in
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HITI
Sec Filings
- 12/20/24 - Form 6-K
- 12/11/24 - Form 6-K
- 12/11/24 - Form 6-K
- HITI's page on the SEC website