Verano Secures $75 Million Revolving Credit Facility | Where to buy Skittles Moonrock online
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[PRESS RELEASE] – CHICAGO, Oct. 1, 2025 – Verano Holdings Corp., a leading multistate cannabis company, announced the closing of a credit agreement agented by Chicago Atlantic Admin LLC, with participation from a regional bank, to provide the company a revolving credit facility (the “revolver”) of US$75 million. Upon closing the revolver, the company drew US $50 million to pay down $50 million of higher interest rate debt from its existing senior secured credit facility without incurring any prepayment penalty, with the remaining $25 million being available to fund strategic initiatives.
Secured Overnight Financing Rate (SOFR) plus 6% (subject to a 4% SOFR floor).
“Chicago Atlantic is proud to support Verano with this flexible financing solution, which reflects Verano’s strength across its markets,” Chicago Atlantic Managing Partner Peter Sack said. “Revolving credit facilities are common financial solutions outside of the cannabis industry, and Verano’s revolver is what we believe to be the largest such facility among U.S. operators in the history of the industry, granting the company the dynamic ability to deploy and reduce higher-cost leverage as needed.”
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