Ascend Wellness Holdings Files 8-K

TL;DR

AWK filed an 8-K, nothing major to see here.

AI Summary

Ascend Wellness Holdings, Inc. filed an 8-K on July 15, 2024, to report other events and financial statements. The filing does not contain specific financial figures or material events beyond the standard reporting requirements.

Why It Matters

This 8-K filing indicates Ascend Wellness Holdings is fulfilling its reporting obligations with the SEC, but it does not disclose any new material information or significant business developments.

Risk Assessment

Risk Level: low — The filing is a routine 8-K for reporting purposes and does not contain any new material information that would impact risk.

Key Players & Entities

• Ascend Wellness Holdings, Inc. (company) — Registrant
• July 15, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $235.0 million — Notes") for aggregate gross proceeds of $235.0 million (the "Offering"). The Notes, which will
• $213.3 million — enses, are expected to be approximately $213.3 million. The Company intends to use the net pro
• $215.0 million — , together with cash on hand, to prepay $215.0 million of principal amounts outstanding under
• $60.0 million — ereunder, including up to an additional $60.0 million in aggregate principal amount of Notes

Filing Documents

• aawh-20240715.htm (8-K) — 29KB
• awhpressreleasejuly2024.htm (EX-99.1) — 14KB
• awhlogoa.jpg (GRAPHIC) — 492KB
• 0001628280-24-031837.txt ( ) — 863KB
• aawh-20240715.xsd (EX-101.SCH) — 2KB
• aawh-20240715_def.xml (EX-101.DEF) — 14KB
• aawh-20240715_lab.xml (EX-101.LAB) — 25KB
• aawh-20240715_pre.xml (EX-101.PRE) — 15KB
• aawh-20240715_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. On July 15, 2024, Ascend Wellness Holdings, Inc. (the "Company") issued a news release announcing that it has received commitments for a private placement of 12.75% Senior Secured Notes due 2029 (the "Notes") for aggregate gross proceeds of $235.0 million (the "Offering"). The Notes, which will be issued at 94.75% of face value, will be senior secured obligations of the Company and will bear interest at a rate of 12.75% per annum, payable semi-annually in arrears until the maturity date, unless earlier redeemed or repurchased in accordance with their terms. The Notes will mature on July 16, 2029. At any time and from time to time after the closing of the Offering, the Company may redeem all or a part of the Notes at certain specified redemption prices. The Notes will be irrevocably and unconditionally guaranteed, jointly and severally, on a senior secured basis, by certain of the Company's subsidiaries (the "Guarantees"). The Notes and the Guarantees will be (i) secured, on a first lien basis, by substantially all assets of the Company and the guarantors of the Notes, subject to certain carveouts, and (ii) issued under and governed by an indenture to be entered into on closing of the Offering (the "Indenture"). The net proceeds from the Offering, after deducting related fees and expenses, are expected to be approximately $213.3 million. The Company intends to use the net proceeds from the Offering, together with cash on hand, to prepay $215.0 million of principal amounts outstanding under the Credit Agreement dated as of August 27, 2021 (the "2021 Credit Facility") (plus prepayment fees and accrued and unpaid interest). In addition, subject to certain limitations, the Indenture will permit the Company to issue additional notes thereunder, including up to an additional $60.0 million in aggregate principal amount of Notes in the future, with the proceeds therefrom to be used to prepay the remaining outstanding balance under, and to terminate

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 99.1 Press release dated July 1 5 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Ascend Wellness Holdings, Inc. July 15, 2024 /s/ John Hartmann John Hartmann Chief Executive Officer (Principal Executive Officer) 2

View Full Filing

View this 8-K filing on SEC EDGAR