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Benzinga
Benzinga
Business
Jelena Martinovic

Decibel Closes $54M Debt Refinancing With ConnectFirst, Increases Access To Debt By $20M

Cannabis producer Decibel Cannabis Company Inc. (TSXV:DB) (OTCQB:DBCCF),  has closed its previously announced financing with connectFirst Credit Union Ltd. in respect of $54 million of debt capital over an initial 5-year term.

The committed amount is comprised of $40.5 million of term debt, a $6 million authorized overdraft secured against government receivables, and an accordion line of $7.5 million.

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