11:00:07 EDT Sat 19 Oct 2019
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Aurora Cannabis Inc
Symbol C : ACB
Shares Issued 1,020,378,291
Close 2019-09-09 C$ 7.91
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Aurora Cannabis closes $360-million credit facility

2019-09-09 17:13 ET - News Release

Mr. Terry Booth reports

AURORA CANNABIS CLOSES EXPANDED C$360 MILLION (US$280 MILLION) CREDIT FACILITY

Aurora Cannabis Inc. has closed its previously announced amended and upsized credit facilities with a syndicate of lenders led by Bank of Montreal. The facilities consist of an additional $160-million in term loans as well as an accordion feature that enables Aurora to upsize the facility by approximately $40-million, in addition to the original $200-million in credit facilities, all of which mature in 2021. The credit facilities will have a first ranking general security interest in the assets of Aurora and can be repaid without penalty at Aurora's discretion.

"We are very pleased to now have three of the five largest Schedule 1 Canadian banks in our syndicate, along with increased participation from other key syndicate partners," said Terry Booth, chief executive officer of Aurora. "Our continued operational execution, world-class facilities and strong corporate governance gives our financing partners the confidence to step in as an important part of the Aurora story."

About Aurora Cannabis Inc.

Headquartered in Edmonton, Alta., Canada, with financed capacity in excess of 625,000 kilograms per annum and sales and operations in 25 countries across five continents, Aurora is one of the world's largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-added product development, home cultivation, wholesale, and retail distribution.

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