TerrAscend Announces $37 Million Paydown of Senior Secured Term Loan in Pennsylvania
TORONTO, June 30, 2023 (GLOBE NEWSWIRE) -- TerrAscend Corp. ("TerrAscend" or the "Company") (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that its subsidiary, WDB Holding PA, Inc., has completed the paydown of $37 million of its senior secured term loan in Pennsylvania (the “Loan”), which bears a fixed interest rate of 12.875%. The paydown reduces the Loan outstanding in Pennsylvania to $78 million and reduces annual interest expense by $4.8 million. “All