Valley Bank’s New Jersey Commercial Banking Team Closes a $150 Million Syndicated Credit Facility to Green Thumb Industries Inc.
Valley National Bancorp (VLY)
Last valley national bancorp earnings: 4/30 08:00 am
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valleynationalbank.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ: VLY), announces the closing of a $150 million five-year Senior Secured Term Loan Facility to Green Thumb Industries Inc. (“Green Thumb or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries. The Company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt due April 30, 2025.Valley is the Sole Lead Arranger, Sole Bookrunner, and Administrative Agent for the deal in conjunction with a tailored syndicate of bank market investors. The transaction was arranged, structured, undertaken, and syndicated by Valley’s Syndications Team who led GTI’s first syndicated transaction with an innovative structure and created a syndicate tailor-made to support GTI today and in the future.Headquartered in Chicago, Illinois, Green Thumb Industries has 20 manufactur
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News
- Green Thumb Industries Refinances its Senior Debt Via Syndicated Credit Facility [Financial Post (Toronto, Ontario, Canada)]Financial Post
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- Valley National Bancorp to Announce Third Quarter 2024 EarningsGlobeNewswire
- New Preferred Stock And Exchange Traded Debt IPOs, August 2024 [Seeking Alpha]Seeking Alpha
- Valley National Bancorp (NASDAQ:VLY) Will Pay A Dividend Of $0.11 [Yahoo! Finance]Yahoo! Finance
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- 7/25/24 - Miss
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Sec Filings
- 8/23/24 - Form 8-K
- 8/14/24 - Form CERT
- 8/8/24 - Form 10-Q
- VLY's page on the SEC website