Ascend Wellness Holdings issues $235 million of Senior Secured Notes with 12.75% coupon and a 5-year term
Amount Raised
$235 Million
Round Type
Debt Financing
Rochelle ParkAgriculture and FarmingHealth CareRetailFarmingDietary SupplementsCannabisNutritionWellnessDescription
Ascend Wellness Holdings, Inc. has received commitments for a private placement of $235 million of its 12.75% Senior Secured Notes due 2029. The net proceeds will be used to prepay $215 million of principal amounts outstanding under its existing term loan.
Quick answer
Ascend Wellness Holdings raised $235 Million in a Debt Financing round, dated July 15, 2024. Ascend Wellness Holdings is based in Rochelle Park, New Jersey, United States.
- How much did Ascend Wellness Holdings raise?
- Ascend Wellness Holdings raised $235 Million in a Debt Financing round on July 15, 2024.
- What does Ascend Wellness Holdings do?
- Ascend Wellness Holdings, Inc. (AWH) is a vertically integrated multistate cannabis operator with licenses and assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, Pennsylvania, and Maryland.
- Where is Ascend Wellness Holdings based and how big is it?
- Ascend Wellness Holdings is based in Rochelle Park, New Jersey, United States. Fundz records about 2,200 employees.
- Who are the decision-makers at Ascend Wellness Holdings?
- Fundz holds 3 contacts at Ascend Wellness Holdings, including the Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Agriculture and Farming and Retail around the same time
Companies in the same sectors as Ascend Wellness Holdings that raised within 45 days of this round, from Fundz verified event records.
- Push30 raised $3.5M (Series A) on July 15, 2024.
- PreActiv raised $653K (Pre-Seed) on July 8, 2024.
- Better Being raised $28K (Pre-Seed) on August 29, 2024.
- RYTHM, Inc. raised $400K (Seed) on August 28, 2024.
- Greenlane Holdings raised $6.5M on August 13, 2024.
- Growlink raised $2M (Seed) on August 9, 2024.
Who to call at Ascend Wellness Holdings, and when
A new round usually means Ascend Wellness Holdings is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ascend Wellness Holdings raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ascend Wellness Holdings, from your own LinkedIn network
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Related People
Ascend Wellness Holdings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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