FLOOF - Flower One announces $10.1M financing loan modification to term debt

Flower One Holdings (OTCQX:FLOOF) has announced a term loan financing with an existing shareholder for aggregate proceeds of $10.1M. In addition, the Co. has made further advancements in its ongoing debt restructuring through an additional loan modification agreement with its term lender and its affiliates. The Co. and certain of its subsidiaries have entered into a Loan Modification Agreement with RB Loan Portfolio II with respect to the Co.’s existing $30M term debt.  The Co.’s receipt of the Term Loan was facilitated by a participant’s purchase of the interest in the Term Debt from the Term Lender in the amount of $10.1M.

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Flower One announces $10.1M financing loan modification to term debt