Common Contracts
1 similar Sale-Leaseback Agreement contracts
AppHarvest has entered an agreement with Mastronardi Berea LLC, a joint venture between Mastronardi Produce and COFRA Holding, for the sale-leaseback of its Berea, KY, high-tech indoor farm for leafy greens for approximately $127 million with an...Sale-Leaseback Agreement • January 11th, 2023
Mastronardi Produce is AppHarvest’s exclusive marketing and distribution partner, which has sold AppHarvest’s produce, including tomatoes, leafy greens and strawberries, in some of the top national grocery store chains, restaurants and foodservice outlets. Some of the proceeds of the sale- leaseback will be used to repay the previously announced $30 million bridge loan from Mastronardi Produce to AppHarvest and the first two years of prepaid rent at the Berea facility.
