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AYR Wellness: Debtholders In Charge!
AYR Wellness Enters Into Restructuring Support Agreement with Senior Noteholders
MIAMI, July 30, 2025 (GLOBE NEWSWIRE) — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) ("AYR") together with its affiliates and subsidiaries (collectively the "Company"), a leading vertically integrated U.S. multi-state cannabis operator, today entered into a Restructuring Support Agreement (the "RSA") with an ad hoc committee (the "Ad Hoc Committee") of its consenting senior noteholders (the "Consenting Senior Noteholders") holding a supermajority of senior notes issued pursuant to AYR's Amended and Restated Trust Indenture dated February 7, 2024 (the "Senior Notes"). The RSA outlines a comprehensive plan to ensure the continued operation and orderly transition of the Company's core business under new ownership.
Under the terms of the RSA, the Company will support a combination of an Article 9 of the Uniform Commercial Code ("Article 9") sale process commenced by its secured creditors and an orderly sale and/or wind-down of the Company's remaining assets, in each case, in accordance with terms and conditions of the RSA (including certain milestones thereunder). Subject in each case to the negotiation and execution of definitive documentation in accordance with the terms and conditions of the RSA, key elements of the RSA include:
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