Calgary, AB (April 15, 2020) – Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) announced that the Company's senior lenders have amended the terms of the March 30, 2020 waivers and agreements requiring completion of defined milestones by April 15, 2020 to require completion of those milestones by April 30, 2020.
“These amendments illustrate the collaborative relationship between Sundial and its lenders,” said Zach George, Sundial CEO. “We appreciate the support of our lenders as we work to restructure our credit facilities, reduce costs and bring greater efficiency to operations.”
As previously announced, Sundial has made several operational adjustments to lower costs and improve efficiencies. In addition, Sundial is in discussions with its lenders to restructure its credit agreements into global credit agreements to strengthen the Company’s overall financial flexibility and capital structure.
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