By Katryna Perera (March 14, 2022, 3:42 p.m. EDT) – Burns & Levinson LLP led Agrify Corp. in a debt financing agreement with an anonymous institutional lender for up to $135 million in a senior secured credit facility, the company announced Monday.
Agrify, which provides cultivation and extraction solutions to the cannabis industry, said in a press release that the proceeds would be used for working capital and general corporate purposes.
An initial financing amount of $65 million will be issued under the note and immediately available to Agrify at closing with the option to draw down the remaining $70 million in two subsequent financings of $35 million each, according to. ..
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