Red White & Bloom restructures over CDN $110 million of debentures

1 minute read
19 September 2022
Client work

Team:

Jason Saltzman, Josh Rosen, Thomas Gertner, Kaila Scarrow

On September 19, 2022, Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) ("RWB" or the "Company") announced that it had restructured the terms of certain outstanding debentures issued by the Company to arm's length lenders in the aggregate principal amounts of USD $70,040,000 and CDN $2,120,000 and issued a new convertible debenture in the principal amount of CDN $17,000,000.

Gowling WLG advised RWB with respect to this debt restructuring with a team that included Jason A. Saltzman and Josh Rosen (corporate) and Thomas Gertner and Kaila Scarrow (financing).

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