---
schema_version: "secwatch.filing_event.v1"
accession: "0001807707-23-000057"
form_type: "8-K"
ticker: null
cik: "0001807707"
company_name: "AppHarvest, Inc."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:29:56.131907+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# AppHarvest receives $66.7M debt acceleration demand; lender files foreclosure on Richmond farm

## Summary
- CEFF demanded immediate repayment of $66.7M (principal + accrued interest) under Equilibrium Credit Agreement; default rate rises to 13.0%.
- Lender filed foreclosure complaint in Kentucky Madison County Circuit on Richmond farm and pledged ownership interests.
- Cross-default with Rabo AgriFinance (Rabo Credit Agreement, $69.4M outstanding) could trigger acceleration and foreclosure on Morehead, KY farm.
- Company states unresolved defaults would have material adverse effect on liquidity and could cause bankruptcy or insolvency.
- AppHarvest is working with Equilibrium on a resolution but cannot guarantee timely or favorable terms.

## SEC filing metadata
- accession: 0001807707-23-000057
- form_type: 8-K
- cik: 0001807707
- company_name: AppHarvest, Inc.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807707/000180770723000057/0001807707-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807707/000180770723000057/apph-20230530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001807707-23-000057
- JSON: https://secwatch.observer/filing/0001807707-23-000057.json
- Plain text: https://secwatch.observer/filing/0001807707-23-000057.txt

## Key facts
- Debt Financings
  AppHarvest, Inc. faced acceleration on credit facility of $66.7 million with CEFF II AppHarvest Holdings, LLC at default rate of 13.0%.
  - Instrument: credit facility
  - Principal: $66.7 million
  - Counterparty: CEFF II AppHarvest Holdings, LLC
  - Rate: default rate of 13.0%
  - Event: acceleration
  source text: from CEFF based on the events of default previously asserted in the Notice of Default. Pursuant to the Notice of Acceleration, CEFF demanded immediate repayment of $66.7 million, consisting of principal and accrued interest, as well as repayment of any additional fees, costs, charges and other obligations as may be payable or become payable under the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807707/000180770723000057/0001807707-23-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.