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Organigram Repays Credit Facilities with Bank of Montreal


Press release content from Business Wire. The AP news staff was not involved in its creation.
Organigram Repays Credit Facilities with Bank of Montreal
April 2, 2021 GMT
MONCTON, New Brunswick (BUSINESS WIRE) Apr 1, 2021
Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (collectively, the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce that the Company has repaid all outstanding balances (approximately $58.5 million) (the “Repayment”) under the facilities provided under its credit agreement (the “Credit Agreement”) dated November 27, 2020, with Bank of Montreal (“BMO”) as lead arranger and agent as well as a syndicate of other lenders. ....

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