High Tide closes C$40 million senior secured credit facilities with BMO

Reuters2026/08/05 10:03

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High Tide closed C$ 40 million senior secured credit facilities with Bank of Montreal.
Facilities include a C$ 25 million committed revolving credit facility with a three-year maturity.
High Tide repaid and terminated its ConnectFirst Credit Union senior credit facility, using part of the revolver to repay C$ 6 million outstanding.
Package also includes a C$ 15 million committed delayed-draw term loan to refinance C$ 15 million second-lien debentures.
New credit facilities are secured by substantially all company assets, subject to customary covenants.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. High Tide Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CA19530) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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High Tide closes C$40 million senior secured credit facilities with BMO

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