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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Valley National Bank Agents $71.5MM Financing for Trulieve Cannabis
Thursday, December 22, 2022
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Lenders/Participants
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Valley National Bank [Lender]
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Structure
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Commercial Loan
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Amount
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$71.500
Million
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Borrower(s)
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Truleive Cannabis
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Description
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Commercial loan secured by a cultivation and manufacturing site in Florida. Company will pay interest at a fixed rate of 7.53% for the duration of the five-year loan. Lenders were comprised of three banks, with Valley National Bank serving as lead agent. The Company intends to use the net loan proceeds for general corporate purposes.
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Industry
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Cannabis
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Location
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FL
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| Related Tags |
Valley National Bank
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ABL Advisor
Deal Tables
2025
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