Foley Hoag Advises Ascend Wellness Holdings in Closing of $50 Million Private Placement of Senior Secured Notes
June 05, 2025
Foley Hoag advised Ascend Wellness Holdings, Inc. (AWH) (CSE: AAWH.U, OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, in closing on a $50 million private placement of senior secured notes. The notes, issued at 97.5% of face value, are a supplemental part of a $235 million debt offering commenced in July and carry an interest rate of 12.75%. The notes will mature in July 2029. Ascend Wellness Holdings intends to use the net proceeds of the Notes, together with cash on hand, to prepay the total principal amounts outstanding under its existing term loan, along with accrued interest and other transaction-related expenses.
Foley Hoag attorneys Thomas Draper, Ryan Rourke Reed, Caroline Samp, Eliana Sanchez, Sarah Moore, and Elijah Beal represented Ascend Wellness Holdings in this closing.
We use cookies to enhance user experience, improve functionality and performance, and for analysis of website traffic. By clicking “accept”, you agree to the use of cookies. For more information about our cookie policy and the information we collect, please review our Privacy Statement.
Foley Hoag
Email Disclaimer
Transmitting information to us by e-mail unilaterally does not establish an attorney-client relationship or impose an obligation on either the law firm or even the receiving lawyer to keep the transmitted information confidential. By clicking "OK," you acknowledge that we have no obligation to maintain the confidentiality of any information you submit to us unless we already represent you or unless we have agreed to receive limited confidential material/information from you as a prospective client. Thus, if you are not a client or someone we have agreed to consider as a prospective client, information you submit to us by e-mail may be disclosed to others or used against you.
If you would like to discuss becoming a client, please contact one of our attorneys to arrange for a meeting or telephone conference. If you wish to disclose confidential information to a lawyer in the firm before an attorney-client relationship is established, the protections that the law firm will provide to such information from a prospective client should be discussed before such information is submitted. Thank you for your interest in Foley Hoag.
