Members of Manatt’s cannabis and CBD team represented a group of lenders in providing a $50 million, three-year secured revolving credit facility to Curaleaf Holdings, Inc., a leading medical and wellness cannabis operator in the United States. The secured credit facility has a maturity date of January 10, 2024, and the borrowings under the facility bear interest on any outstanding principal of 10.25%. The facility was fully drawn at closing.
The Manatt deal team included corporate and finance partner Veronica Lah, real estate partner Andrew Schultz, and leader of the firm’s cannabis and CBD and real estate transactions and finance practices Anita Famili Sabine.
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