Ascend Wellness Holdings Enters Material Definitive Agreement

TL;DR

AWH just signed a big deal, watch their financials.

AI Summary

Ascend Wellness Holdings, Inc. entered into a material definitive agreement on January 13, 2025, related to a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant financial commitment or obligation for Ascend Wellness Holdings, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce financial risks and uncertainties for a company.

Key Players & Entities

• Ascend Wellness Holdings, Inc. (company) — Registrant
• January 13, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $15,000,000 — s Holdings, Inc. (the "Company") issued $15,000,000 aggregate principal amount of its 12.75
• $235,000,000 — der which the Company previously issued $235,000,000 aggregate principal amount of its 12.75

Filing Documents

• aawh-20250113.htm (8-K) — 29KB
• ex41firstsupplementalinden.htm (EX-4.1) — 34KB
• 0001628280-25-001438.txt ( ) — 186KB
• aawh-20250113.xsd (EX-101.SCH) — 2KB
• aawh-20250113_lab.xml (EX-101.LAB) — 20KB
• aawh-20250113_pre.xml (EX-101.PRE) — 12KB
• aawh-20250113_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. 12.75% Senior Secured Notes due 2029 On January 13, 2025, Ascend Wellness Holdings, Inc. (the "Company") issued $15,000,000 aggregate principal amount of its 12.75% senior secured notes due 2029 (the "Additional Notes") in a private placement (the "Offering"). The Additional Notes were issued under an indenture dated as of July 16, 2024 (the "Base Indenture"), as amended by a first supplemental indenture dated as of January 13, 2025 (the "First Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), by and among the Company and Odyssey Trust Company, as trustee (the "Trustee"). The Additional Notes were issued at 97.00% of face value, plus accrued and unpaid interest from and including July 16, 2024 to, but excluding, January 13, 2025. The Company intends to use the net proceeds from the Offering for general corporate purposes, including to fund growth initiatives. The Additional Notes were issued as additional notes under the Indenture, under which the Company previously issued $235,000,000 aggregate principal amount of its 12.75% senior secured notes due 2029 (the "Initial Notes", and together with the Additional Notes, the "Notes"). The Additional Notes are treated as a single series with the Initial Notes for all purposes under the Indenture and are fungible with the Initial Notes, except that the Notes offered hereby will initially be represented by new CUSIPs until four months and one day after issuance, after which they will have the same CUSIP numbers as the Initial Notes and will trade interchangeably with the Initial Notes. Interest on the Notes will accrue at the rate of 12.75% per annum and will be payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2025 (which payment with respect to the Additional Notes will include accrued interest from July 16, 2024). The Notes mature on July 16, 2029. More information on the terms of th

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 4.1 First Supplemental Indenture dated January 13, 2025 by and between Ascend Wellness Holdings, Inc. and Odyssey Trust Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 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. January 14, 2025 /s/ Roman Nemchenko Roman Nemchenko Chief Financial Officer (Principal Financial Officer) 3

View Full Filing

View this 8-K filing on SEC EDGAR