Local bounti amends cargill credit facility and receives funds for working capital

Company receives $15 million in cash from cargill as part of amended credit facility new facilities begin to ramp  ̶  washington seeded and texas expected to commence seeding by end of january 2024  ̶  provides capacity for new product introductions to support long-term revenue diversification and expansion hamilton, mont. , jan. 24, 2024 /prnewswire/ -- local bounti corporation (nyse: locl) ("local bounti" or the "company"), a breakthrough u.s. indoor agriculture company, today announced that it has secured additional cash to fund working capital as part of its amended credit facility with cargill financial services international, inc. ("cargill").
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