2361380 Ontario Limited $40M operating loan to The Valens Company Inc.

On December 16, 2021, 2361380 Ontario Limited, a private institutional lender, entered into a secured non-revolving term loan with The Valens Company Inc., for an aggregate principal amount up to C$40 million.  The Loan will accrue interest at a rate of 10% per annum, payable quarterly, and matures on December 15, 2023 with an initial interest payment date on December 31, 2021.

McCarthy Tétrault LLP advised 2361380 Ontario Limited with a team led by D.J. Lynde that included Laura Zurowski (Financial Services), Mitchell Lui, Lisa Timmins and Alykhan Rahim (Business).