AYR Wellness (AYRWF) confirms that it did not make the interest payment due on June 30 in connection with the outstanding senior notes issued pursuant to its Amended and Restated Trust Indenture dated February 7, 2024. Should the Company not make the Interest Payment on or prior to July 30, that will result in an event of default in respect of the Notes. As announced by the Company on May 30, the Company is actively engaged in discussions with the holders of a majority of the outstanding Notes regarding the exploration of capital structure alternatives as part of a broader review and assessment of other strategic alternatives. The Company does not anticipate that the missed Interest Payment will result in any operational challenges with respect to its business.
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