Aurora Cannabis Expands Credit Facility by 80%
Aurora Cannabis (NYSE: ACB) has increased its financial leverage. The company announced on Thursday that it has managed to nearly double an existing credit facility.
The company says that the syndicate behind the facility has agreed to expand it to roughly 360 million Canadian dollars from the previous level of CA$200 million. The new arrangement takes the form of term loans and a revolving credit facility; these will mature in August 2021. Aurora did not specify other terms for the new funding.
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Source Fool.com
