KSLLF - Kalera secures $30M credit facility

Kalera AS (OTCPK:KSLLF) secures a ten-year, $30 million senior secured credit facility with Farm Credit of Central Florida  to support capital expenditures and working capital needs of the company across the entire United States. The credit facility was entered into by Kalera Inc. a United States based wholly owned subsidiary of Kalera AS. The Credit Agreement has a term of 120 months and includes standard terms and conditions. "We are now in an excellent position to execute on our objectives for the first half of 2022, whilst moving towards an expected June completion of our merger with Agrico (OTCQB:AGRC) that will deliver Kalera a US Nasdaq listing, immediate additional financing, and improved long-term funding opportunities”. said CFO Fernando Cornejo.

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Kalera secures $30M credit facility