Verano closed a USD 195 million senior secured term loan under a new credit agreement led by Needham Bank, with Chicago Atlantic as co-administrative agent. The term loan matures on March 11, 2029, with an option to extend by one year. Pricing is Term SOFR plus 6%, subject to a 4% Term SOFR floor, resulting in an initial annual interest rate of 10%. Verano will make monthly principal repayments of USD 0.88 million starting in April 2026, and may prepay with a 2% premium during the first two years and 0% thereafter. Verano also drew the remaining USD 50 million available under its existing revolving credit facility.

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. Verano Holdings Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603120645PRIMZONEFULLFEED9670550) on March 12, 2026, and is solely responsible for the information contained therein.