The facilities consist of an additional CA$160 million ($121.5 million) in term loans, and the option for Aurora to upsize the facility by around CA$40 million, in addition to an initial CA$200 million in credit facilities that will mature in 2021.
Click here for more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.
"We are very pleased to now have three of the five largest Schedule 1 Canadian banks in our syndicate, along with increased participation from other key syndicate partners," Aurora CEO Terry Booth said in a statement.
"Our continued operational execution, world-class facilities and strong corporate governance gives our financing partners the confidence to step in as an important part of the Aurora story."
The stock was trading higher by 0.5% at $6.04 at the time of publication Tuesday.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter
See more from Benzinga
- Aurora Cannabis Sells Remaining Green Organic Dutchman Shares For .5M
- Italy Chooses Aurora Cannabis To Supply Medical Marijuana
- Aurora Cannabis Receives Health Canada Licenses For Outdoor Cultivation
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.