Can someone explain what happened to TLRY and their announcement of $150 million in senior notes?

I have about 800 shares of TLRY. my cost basis is around $8. I've been slowly buying more and more to average my cost basis down to where I can hopefully unload it one day. The stock plummeted 50 cents today because they announced senior note offerings of $150 million. None of things I've read really puts it in leyman terms and I am super confused. Is TLRY in trouble? Should I be scared?