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Aurora Cannabis Announces Upsizing of Credit Facility to Approximately C$360 Million (US$280 Million)
Broader Lending Syndicate Introduced to Fund Strategic Growth Initiatives
EDMONTON, Aug. 15, 2019 /PRNewswire/ – Aurora Cannabis Inc. (“Aurora or the “Company”) (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that it has secured commitments from an expanded syndicate of lenders led by the Bank of Montreal (“BMO”) to amend and upsize its existing C$200 million secured credit facility.
The amended secured credit facility will consist of an additional C$160 million allocated between both term loans and a revolving credit facility, both of which will mature in August 2021. Closing of the credit facility is subject to