Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
AppHarvest, Inc. amended credit facility of $2,000,000, $6,000,000, $4 million, and the remaining balance with Equilibrium at 12.0% (referenced from DIP Credit Agreement, unchanged) maturing same as DIP Credit Agreement, referenced.
- Instrument
- credit facility
- Principal
- $2,000,000, $6,000,000, $4 million, and the remaining balance
- Counterparty
- Equilibrium
- Rate
- 12.0% (referenced from DIP Credit Agreement, unchanged)
- Maturity
- same as DIP Credit Agreement, referenced
- Event
- amendment
Exact text from the filing
shall be made available in multiple draws over the term of the DIP Facility. Pursuant to the terms and conditions of the Amended DIP Credit Agreement, the Lender advanced $2,000,000 to the Company on July 26, 2023 and shall advance an additional $6,000,000 upon the satisfaction of certain terms in the Amended DIP Credit Agreement (such advances, collectively,
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AppHarvest, Inc. amended First Amendment to Credit Agreement with DIP Parties (Debtors and Equilibrium) (effective 2023-07-26).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- DIP Parties (Debtors and Equilibrium)
- Effective
- 2023-07-26
Exact text from the filing
On July 26, 2023, the DIP Parties entered into that certain First Amendment to Credit Agreement (the “ DIP Amendment ”, and together with the DIP Credit Agreement, the “ Amended DIP Credit Agreement ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AppHarvest, Inc. entered into Restructuring Support Agreement with CEFF II AppHarvest Holdings, LLC, Mastronardi Produce Limited, Mastronardi Berea LLC (effective 2023-07-24).
- Action
- entry
- Counterparty
- CEFF II AppHarvest Holdings, LLC, Mastronardi Produce Limited, Mastronardi Berea LLC
- Effective
- 2023-07-24
Exact text from the filing
On July 24, 2023, AppHarvest, Inc., (the “ Company ”) entered into a Restructuring Support Agreement (including all exhibits thereto, collectively, the “ RSA ”) with (i) each of its affiliates (as set forth in the RSA, and together with the Company, the “ Debtors ”), (ii) CEFF II AppHarvest Holdings, LLC (“ Equilibrium ”); (iii) Mastronardi Produce Limited (“ Mastronardi ”); and (iv) Mastronardi Berea LLC (“ Mastronardi Berea ”, and together with Equilibrium and Mastronardi, the “ Non-Company Parties ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AppHarvest, Inc. entered into Senior Secured Super-Priority Debtor-In-Possession Credit Agreement with Equilibrium (as lender) valued at up to approximately $24.3 million (effective 2023-07-25).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Equilibrium (as lender)
- Value
- up to approximately $24.3 million
- Effective
- 2023-07-25
Exact text from the filing
On July 25, 2023, the Company, as borrower, and its Debtor affiliates, as guarantors, entered into that certain Senior Secured Super-Priority Debtor-In-Possession Credit Agreement (the “ DIP Credit Agreement ”) with Equilibrium, as lender (the “ Lender ”, and together with the Company and its Debtor affiliates, the “ DIP Parties ”), pursuant to which the Lender agreed to provide the Company with a debtor-in-possession, super-priority, senior secured loan credit facility (the “ DIP Facility ”) which consists of (i) a new money multiple-draw delayed draw term loan (“ New Money Facility ”) in the initial aggregate principal amount of up to approximately $24.3 million and (ii) a loan in an amount equal to the Roll-Up Loan Amount (as defined in the DIP Credit Agreement).
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