Curaleaf Announces Strategic Refinancing with Proposed US$500 Million Senior Secured Notes Offering

Core Viewpoint - Curaleaf Holdings, Inc. has announced a private placement of US$500 million in senior secured notes, which will be used to refinance existing debt and support global growth initiatives [1][2][3] Group 1: Offering Details - The Offering consists of 11.5% senior secured notes due February 1, 2029, issued at 100% of face value [2] - Proceeds will refinance US$475 million of existing senior secured notes due December 15, 2026, with US$457 million currently outstanding [1] - The Offering is expected to close around February 18, 2026, subject to customary closing requirements [2] Group 2: Investor Demand and Market Position - The Offering has been oversubscribed, marking it as the largest note offering in the U.S. cannabis industry to date [3] - Ten first-time cannabis lenders are participating, indicating strong institutional investor confidence in Curaleaf [3] - The transaction is expected to strengthen the company's balance sheet and extend maturities to 2029, providing flexibility for growth opportunities [3] Group 3: Company Overview - Curaleaf is a leading international provider of consumer cannabis products, known for quality and reliability [6] - The company operates across all stages of the supply chain and has a strong distribution network in Europe, Canada, and Australasia [6] - Curaleaf is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF [6]