Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Local Bounti Corporation/DE amended credit facility of $170.0 million with Cargill Financial Services International, Inc..
- Instrument
- credit facility
- Principal
- $170.0 million
- Counterparty
- Cargill Financial Services International, Inc.
- Event
- amendment
Exact text from the filing
in each of the Credit Agreements from $11.0 million to $1.0 million. The aggregate amount of outstanding loans and undrawn commitments under the Credit Agreements remains at $170.0 million (plus interest paid in kind). All capitalized terms above that are not defined elsewhere have the meanings ascribed to them in the Fifth Amendment or the Credit Agreements, as
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Local Bounti Corporation/DE reported the year ended December 31, 2022 results: revenue $19.5 million, net income $111.1 million.
- Period
- the year ended December 31, 2022
- Revenue
- $19.5 million
- Net income
- $111.1 million
- Result
- preliminary results
Exact text from the filing
For the full year ended December 31, 2022, the Company generated sales of $19.5 million, adjusted gross margin of 38%, net loss of $111.1 million, and adjusted EBITDA loss of $29.8 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Local Bounti Corporation/DE amended Fifth Amendment to Credit Agreements with Cargill Financial Services International, Inc. (effective 2023-03-13).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Cargill Financial Services International, Inc.
- Effective
- 2023-03-13
Exact text from the filing
On March 13, 2023, the Company, along with certain subsidiaries of the Company, entered into a Fifth Amendment to Credit Agreements (the "Fifth Amendment") with Cargill Financial to further amend the Credit Agreements.
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