Curaleaf Holdings Inc. has amended its credit agreement with Needham Bank, increasing its revolving credit facility from $40 million to $100 million and extending the maturity to up to five years. The facility has an initial term of one year with an interest rate of 7.99 percent, potentially stepping up to 8.99 percent if the Senior Note Facility due 2026 is refinanced. Curaleaf plans to use at least $50 million of this facility to pay down higher-interest acquisition debt and support working capital.

Curaleaf Upsizes Revolving Credit Facility from $40M to $100M

Oct 14, 2025

Source:

Mg Magazine Newswire

MG Magazine

*STAMFORD, Conn.* — Curaleaf Holdings Inc. has entered into an amended and
restated credit agreement with Needham Bank of its revolving credit
facility, expanding the borrowing capacity from $40 million to $100 million
and extending the maturity to up to five years.

The upsized secured revolving Credit Facility has an initial term of one
year and bears interest on any outstanding principal of 7.99 percent. The
facility is subject to extension for up to five years with a rate step up
to 8.99 percent in the event of the Company refinancing the Senior Note
Facility due 2026. Curaleaf intends to draw on the Credit Facility to pay a
minimum of $50 million of its remaining, higher-interest-bearing,
acquisition-related debt while also maintaining ample capacity to support
working capital needs.

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