BMO Upsizes Aurora Cannabis Facility to $280MM
Canada’s Aurora Cannabis is increasing the size of a secured credit facility to C$360 million ($280 million) from C$200 million ($150 million).
August 15, 2019
Aurora Cannabis | BMO
nadine
Canada’s Aurora Cannabis is increasing the size of a secured credit facility to C$360 million ($280 million) from C$200 million ($150 million).
Aurora Cannabis closed its previously announced debt facility with the Bank of Montreal, consisting of a $150 million term loan and a $50 million revolving credit facility.
Bank of Montreal agreed to provide a new $200 million debt facility, with a potential upsize to $250 million, to Aurora Cannabis. The facility will consist of a $150 million term loan and a $50 million revolver.