Tilray Inc.

11/01/2024 | Press release | Distributed by Public on 11/01/2024 14:35

Material Agreement Form 8 K

Item 1.01Entry into a Material Definitive Agreement.
On October 30, 2024, Tilray Brands, Inc. ("Tilray") and the other parties to that certain Credit Agreement, dated as of June 30, 2023, with Bank of America, N.A. (the "Administrative Agent"), entered into a Fourth Amendment and Consent to Credit Agreement (the "Fourth Amendment"). The Fourth Amendment provides, among other things, for lender consent to the previously disclosed acquisition by Tilray of a portfolio of craft beer brands from Molson Coors Beverage Company (the "Molson Transaction").
In connection with the Fourth Amendment, Tilray also granted a first lien security interest in all of the assets and equity interests of the businesses acquired pursuant to the Molson Transaction as collateral for the Credit Agreement and the related guaranty.