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Aurora Cannabis Closes $360 Million Bmo Credit Facility € New Cannabis Ventures

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. Aurora Cannabis Closes $360 Million BMO Credit Facility

September 9, 2019 at 5:10 pm

Published by NCV Newswire

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Aurora Cannabis Closes Expanded C$360 Million (US$280 Million) Credit Facility

EDMONTON, Sept. 9, 2019 /CNW/ – Aurora Cannabis Inc. (“Aurora or the “Company”) (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, is pleased to announce that it has closed its previously announced amended and upsized credit facilities with a syndicate of lenders led by the Bank of Montreal (“BMO”). The facilities consist of an additional C$160 million in term loans, as well as an accordion feature that enables Aurora to upsize the facility by approximately C$40 million, in addition to the original C$200 million in credit facilities all of which mature in 2021. The credit facilities will have a first ranking general security interest in the assets of Aurora and can be repaid without penalty at Aurora’s discretion.

We are very pleased to now have three of the five largest Schedule 1 Canadian banks in our syndicate, along with increased participation from other key syndicate partners. Our continued operational execution, world-class facilities, and strong corporate governance gives our financing partners the confidence to step in as an important part of the Aurora story.

Terry Booth, CEO of Aurora

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Source: https://www.newcannabisventures.com/aurora-cannabis-closes-360-million-bmo-credit-facility/

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