Canopy Growth to Recapitalize Debt

Dow Jones

01/08

By Nicholas G. Miller

Canopy Growth will recapitalize its debt through multiple transactions, extending the maturity date of all debt to January 2031 at the earliest.

The company will receive $150 million through a term loan maturing in January 2031 that carries an annual interest rate of 6.25% above the applicable term Secured Overnight Financing Rate. It will use the proceeds to repay its existing debt of $101 million due September 2027, for working capital and to fund potential acquisitions.

The company also agreed to exchange 96.4 million Canadian dollars ($69.6 million) of existing convertible debentures due May 2029 for a package of new convertible debentures, cash, shares and share purchase warrants worth 80 million Canadian dollars.

The transactions are expected to close Thursday.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

January 08, 2026 08:19 ET (13:19 GMT)

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Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 08:19 ET (13:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canopy Growth to Recapitalize Debt</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanopy Growth to Recapitalize Debt\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-01-08 21:19</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nicholas G. Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/CGC\">Canopy Growth</a> will recapitalize its debt through multiple transactions, extending the maturity date of all debt to January 2031 at the earliest. \n</p>\n<p>\n  The company will receive $150 million through a term loan maturing in January 2031 that carries an annual interest rate of 6.25% above the applicable term Secured Overnight Financing Rate. It will use the proceeds to repay its existing debt of $101 million due September 2027, for working capital and to fund potential acquisitions. \n</p>\n<p>\n  The company also agreed to exchange 96.4 million Canadian dollars ($69.6 million) of existing convertible debentures due May 2029 for a package of new convertible debentures, cash, shares and share purchase warrants worth 80 million Canadian dollars. \n</p>\n<p>\n  The transactions are expected to close Thursday. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 08:19 ET (13:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4557","symbol_name":"大麻股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601362829","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601362829","pubTimestamp":1767878340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Canopy Growth will recapitalize its debt through multiple transactions, extending the maturity date of all debt to January 2031 at the earliest.The company will receive $150 million through a term loan maturing in January 2031 that carries an annual interest rate of 6.25% above the applicable term Secured Overnight Financing Rate. It will use the proceeds to repay its existing debt of $101 million due September 2027, for working capital and to fund potential acquisitions.The company also agreed to exchange 96.4 million Canadian dollars  of existing convertible debentures due May 2029 for a package of new convertible debentures, cash, shares and share purchase warrants worth 80 million Canadian dollars.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4557":"大麻股","CGC":"Canopy Growth Corporation","BK4007":"制药"},"translate_title":"Canopy Growth将进行债务资本重组","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CGC":0.9},"content_text":"By Nicholas G. Miller \n\n\n \n\n\nCanopy Growth will recapitalize its debt through multiple transactions, extending the maturity date of all debt to January 2031 at the earliest. \n\n\n  The company will receive $150 million through a term loan maturing in January 2031 that carries an annual interest rate of 6.25% above the applicable term Secured Overnight Financing Rate. It will use the proceeds to repay its existing debt of $101 million due September 2027, for working capital and to fund potential acquisitions. \n\n\n  The company also agreed to exchange 96.4 million Canadian dollars ($69.6 million) of existing convertible debentures due May 2029 for a package of new convertible debentures, cash, shares and share purchase warrants worth 80 million Canadian dollars. \n\n\n  The transactions are expected to close Thursday. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2026 08:19 ET (13:19 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}