Kalera, Inc. – Vertical Farming Specialist Gets Authority for a Further $1mn in New Money DIP Financing from Prepetition Lender (and Presumed Loan-to-Own Stalking Horse) Sandton Capital Solutions
April 27, 2023 – The Court hearing the Kalera case issued a second interim debtor-in-possession (“DIP”) financing order authorizing the Debtor to: (i) access a further $1.0mn in new money, DIP financing being provided prepetition lender (and distressed lending specialist) Sandton Credit Solutions Master Fund V, L.P. (“Sandton”) and (ii) continue using cash collateral [Docket…