Fairfax Financial Increases Farmers Edge’s Credit Facility to $93.37MM

Digital agriculture company Farmers Edge entered into an amendment to its secured credit facility with Fairfax Financial and certain of its affiliates, increasing the facility by $12 million to an aggregate principal amount of $93.37 million. The increased amount was extended on the same terms as the rest of the facility, including a deferred interest rate of 6% per annum and a maturity date of January 31, 2025. Farmers Edge will use net proceeds of the increase in the facility for working capital and general corporate purposes.