Local Bounti (LOCL) - 2023 Q3 - Earnings Call Transcript

With that, I'd now like to turn the call over to Anna. Go ahead. With that, I will turn the call over to Kathy. As previously announced, at the end of the first quarter, we expanded our construction financing agreement with Cargill by up to $110 million or a total of up to $280 million. And in April, we executed a sale-leaseback transaction for $35 million. We continued to advance our work with a licensed USDA lender to reduce our use of construction financing and replace it with lower cost debt. Anna Fabre ...