Curaleaf Holdings, Inc. (CURA) Closes $500 Million Private Placement
STAMFORD, Conn., Feb. 19, 2026 — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) has successfully closed its previously announced private placement (the "Offering") of US$500 million in aggregate principal amount of 11.5% senior secured notes due February 18, 2029 (the "Notes"). Additionally, the Company has redeemed its previously outstanding US$475 million senior secured notes that were due December 15, 2026. The net proceeds from this Offering will be utilized to support global growth initiatives and cover transaction fees and expenses.
Details of the Offering
The non-dilutive Notes, issued at 100% of face value, are senior secured obligations of Curaleaf, with payments made semi-annually in equal installments until maturity, unless earlier redeemed or purchased. Governed by a trust indenture established at the closing, these Notes allow for additional issuances subject to leverage covenants and conditions, including up to US$100 million of senior bank financing.
Statements from Leadership
Boris Jordan, Chairman and CEO of Curaleaf, commented on the successful closing: "This landmark private placement is a powerful endorsement of Curaleaf's strategy and long-term vision. I am exceptionally proud of our team for completing the largest bond offering in the cannabis sector, which expands our institutional investor base and reinforces our leadership in the industry. With an extended runway into 2029 and enhanced capital flexibility, we are well-positioned to accelerate our global expansion and capitalize on key strategic opportunities in the international cannabis market. The renewed institutional demand marks a pivotal inflection point for the sector, signaling a new era of confidence, credibility, and long-term growth for the global cannabis industry."
Regulatory Compliance and Placement Agents
The Notes were offered on a private placement basis in various provinces and territories of Canada, utilizing applicable exemptions from the prospectus requirements under Canadian securities laws. In the United States, the Notes were sold to or for the benefit of "U.S. persons" as defined in the U.S. Securities Act of 1933, under exemptions from registration. Seaport Global Securities, LLC acted as the lead placement agent, while ATB Cormark Capital Markets served as the co-placement agent for the Notes in the U.S. and Canada.
This news release does not constitute an offer to sell or a solicitation to buy any securities of Curaleaf in jurisdictions where such offer or sale would be unlawful. The Notes have not been registered under the U.S. Securities Act or any state securities laws.
For more information on Curaleaf, visit Curaleaf Investor Relations or follow their Twitter account [@Curaleaf_IR](https://twitter.com/Curaleaf_IR). Explore additional insights on cannabis investments at Inside Ticker.