Local bounti secures up to $145 million of additional financing to support growth

Amended agreement with cargill provides additional $110 million to fund construction at georgia, texas and washington facilities signs sale-leaseback transaction for $35 million hamilton, mont. , march 29, 2023 /prnewswire/ -- local bounti corporation (nyse: locl, locl ws) ("local bounti" or the "company"), a breakthrough u.s. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it secured a total of up to $145 million of new financing across two sources – the first through an amendment to its credit facility agreements with cargill financial services international, inc. ("cargill"); and the second, a sale-leaseback deal with an internally managed net-lease real estate investment trust.
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