Arboretum Bidco LLC (Ayr Wellness) Completes Virginia Operations Transfer and Closes $275M Exit Facility Related to AYR Wellness Restructuring

AYR Wellness Inc. announced the initial closing of transferring its Virginia operations into Arboretum Virginia LLC, a wholly owned subsidiary of Arboretum Bidco LLC (the entity set up by AYR’s senior secured noteholders). The company also closed and funded a new $275 million senior secured delayed draw exit facility with Arboretum as part of previously announced restructuring transactions, including rollovers of portions of existing bridge debt and satisfaction of senior secured notes via equity in Arboretum Investments LLC.