GREENBROOK TMS RAISES US$2.5 MILLION IN DEBT FINANCING
Greenbrook TMS Inc. - Common Shares (GBNH)
Company Research
Source: PR Newswire
TORONTO, Feb. 15, 2024 /PRNewswire/ - Greenbrook TMS Inc. (NASDAQ: GBNH) ("Greenbrook" or the "Company") today announced that it has entered into the twenty-fifth amendment (the "Amendment") to the Company's credit facility (the "Credit Facility") with affiliates of Madryn Asset Management, LP ("Madryn"). As part of the Amendment, the Company secured an additional US$2,538,071 in senior secured term loans from Madryn under the Credit Facility (the "New Loan"). After giving effect to the New Loan, the Company has an aggregate amount of approximately US$87 million outstanding under the Credit Facility.The proceeds of the New Loan are expected to be used by the Company for general corporate and working capital purposes. The Company is also currently considering additional near-term financing options to address its future liquidity needs.The Amendment also extends the period during which the Company's minimum liquidity covenant is reduced from US$3,000,000 to US$300,000 to March 15, 2024.
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News
- GREENBROOK TMS ANNOUNCES DELISTING FROM NASDAQ [Yahoo! Finance]Yahoo! Finance
- GREENBROOK TMS ANNOUNCES DELISTING FROM NASDAQPR Newswire
- Greenbrook Announces $1.2 Million Registered Direct OfferingPR Newswire
- GREENBROOK TMS RAISES US$2.5 MILLION IN DEBT FINANCING [Yahoo! Finance]Yahoo! Finance
- GREENBROOK TMS RAISES US$1.5 MILLION IN DEBT FINANCINGPR Newswire
GBNH
Sec Filings
- 2/26/24 - Form 8-K
- 2/26/24 - Form 424B5
- 2/23/24 - Form 8-K
- GBNH's page on the SEC website