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BRIEF-Cronos Group secures $40 mln in debt for domestic capacity expansion
August 24, 2017 / 1:44 PM / a month ago

BRIEF-Cronos Group secures $40 mln in debt for domestic capacity expansion

Aug 24 (Reuters) - Cronos Group Inc

* Cronos Group secures $40m in debt for domestic capacity expansion

* Cronos - Entered into commitment letter for debt financing with romspen investment corporation to fund continued construction of 315,000 sq. ft. expansion

* Cronos Group Inc - Loan bears interest at rate of 12% per annum, has 2 year term with one-year extension option, is prepayable on one-month’s notice Source text for Eikon: Further company coverage:

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