AYR Wellness closes initial Virginia asset transfer under restructuring deal with noteholders
- AYR Wellness completed initial closing to transfer Virginia operations into Arboretum Virginia, entity set up by senior secured noteholders under restructuring transactions.
- New money exit facility closed with initial funding, structured as a $275 million senior secured delayed-draw term loan.
- Exit facility carries 13% annual interest with payment-in-kind option for first 24 months, then cash pay, with five-year maturity.
- Pro rata portion of Tranche A of existing $50 million bridge facility was assumed by Arboretum, then converted dollar-for-dollar into take-back debt within exit facility.
- Proceedings continued under Companies’ Creditors Arrangement Act in British Columbia to implement liquidation and wind-down of AYR.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AYR Wellness Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604101908PRIMZONEFULLFEED9687943) on April 10, 2026, and is solely responsible for the information contained therein.
