Terms
- Announced
- 6 Jan 2020
- Instrument
- Debt
- Amount
- US$25.0mReported as $25m of a $200m round
- Source
- indigoag.com
Parties
- Project developer
- Indigo Ag
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Pacific Western Bank Lender US$25.0m Sole provider: the whole transaction
Carbon
- Pathway
- Soil carbon / regenerative agriculture
- Backed by offtakes from
What happened
- The other $175m was convertible equity - split per the mixed-round rule
Kumo note
- Indigo's January 2020 US$200m financing (US$175m convertible equity plus US$25m of debt from Pacific Western Bank, with FedEx as a new investor) was stated by the company to fund both its Grain Marketplace and the adoption of Indigo Carbon, its soil carbon programme. No allocation between the two was disclosed.
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