NetworkNewsBreaks – Red White & Bloom Brands Inc
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Posted On: 09/27/2021 4:10:47 PM
NetworkNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Refinances Approximately US$19M of Short-Term Debt
Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, today announced that it has completed a refinancing of an aggregate principal amount of US $18,620,000 debentures (plus accrued interest to Sept. 1, 2021) previously issued to an arm’s-length investor (collectively, the “prior debentures”). According to the update, the prior debentures were replaced with a new debenture in the principal amount of US $19,370,020. The unsecured new debenture bears interest at the rate of 10% per annum, which accrues and is payable on the maturity date of Jan. 21, 2023, and is payable in full on a change of control.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, today announced that it has completed a refinancing of an aggregate principal amount of US $18,620,000 debentures (plus accrued interest to Sept. 1, 2021) previously issued to an arm’s-length investor (collectively, the “prior debentures”). According to the update, the prior debentures were replaced with a new debenture in the principal amount of US $19,370,020. The unsecured new debenture bears interest at the rate of 10% per annum, which accrues and is payable on the maturity date of Jan. 21, 2023, and is payable in full on a change of control.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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