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Benzinga
Benzinga
Business
Jelena Martinovic

Goodness Growth Expands Credit Facility With Lenders To Draw Up To $55M In Term Loan

Goodness Growth Holdings, Inc. (CSE:GDNS) (OTCQX:GDNSF), announced that it has executed a third amendment to its credit facility with its senior secured lender, Chicago Atlantic Admin, LLC , an affiliate of Green Ivy Capital, and a group of lenders.

The amended credit facility enables the company to access an additional delayed draw term loan of up to $55 million which, a portion of which shall be utilized for working capital and general corporate purposes, and the remainder to be used for other specific purposes, including related to its expansion in the State of New York.

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