Jushi Holdings strengthens its balance sheet with a new 12.5% interest-only term loan, while reporting LTM Q3 2026 revenue of approximately $277 million and Adj. EBITDA of $52 million.
The 8-K discloses a new three-year, 12.5% coupon term loan with interest-only payments, participation from Jushi's two largest shareholders, and no equity dilution, plus a single minimum cash covenant. This addresses the flagged refinancing and going-concern risks for a company with LTM Q3 2026 revenue of ~$277M and Adj. EBITDA of ~$52M. The high 12.5% coupon and interest-only structure temper the positive.
Jushi Holdings has finalized a three-year, 12.5% coupon term loan featuring interest-only payments and no equity dilution. The financing, supported by the company's two largest shareholders, includes a single minimum cash covenant designed to improve operational flexibility as the firm navigates ongoing industry risks.
It removes near-term refinancing risk and avoids dilution since there is no equity component and shareholders are participating, but the 12.5% interest-only structure is expensive and the filing still lists going-concern and indebtedness as key risks.