Vireo Growth Inc. Closes Acquisition of Schwazze Notes, Initiates Restructuring and Asset Sale Amid Schwazze Wind Down
Reuters
Oct 14, 2025
<a href="https://laohu8.com/S/VREOF">Vireo Growth</a> Inc. Closes Acquisition of Schwazze Notes, Initiates Restructuring and Asset Sale Amid Schwazze Wind Down
Vireo Growth Inc. has announced the signing of a Restructuring Support Agreement (RSA) with Schwazze, under which Vireo will submit a credit bid to acquire control of Schwazze assets through an auction related to a planned asset sale. If successful, Vireo and Schwazze will transfer the majority of Schwazze's assets to a newly formed entity, NewCo, in exchange for NewCo assuming certain liabilities and discharging Schwazze's senior secured convertible notes. NewCo is set to receive up to approximately $62 million in financing to refinance Schwazze's outstanding debt, cover transaction expenses, and provide working capital. Any remaining Schwazze assets not included in the sale will be wound down, with net proceeds distributed to stakeholders according to their legal priorities. Completion of these transactions remains subject to certain conditions, including regulatory approvals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vireo Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9545123-en) on October 14, 2025, and is solely responsible for the information contained therein.
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