ITEM 1.01 ENTRY INTO A MATERIAL AGREEMENT.
As previously reported in a Current Report on Form 8-K filed on
On
Lease 4 provides for equipment with a total cost of
Lease 7 provides for equipment with a total cost of
The Initial Term of the Leases expires on the date that is 48 months after the
first day of the month following the Rent Commencement Date, which is expected
to occur by
The Leases do not include the manufacturing equipment for the Facility, which
the Company expects to finance primarily with borrowings under the Company's
existing delayed draw term loan, which was put in place in
The foregoing description of the Leases does not purport to be complete and is qualified in its entirety by reference to the Leases and the Master Lease, complete copies of which are incorporated herein by reference and filed as Exhibits 10.1, 10.2 and 10.3 to this report.
ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF REGISTRANT.
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit No. Description
10.1 Equipment Schedule No. 04 dated as ofSeptember 7, 2021 betweenSunOpta Grains and Foods Inc. andLiberty Commercial Finance LLC 10.2 Equipment Schedule No. 07 dated as ofSeptember 7, 2021 betweenSunOpta Grains and Foods Inc. andLiberty Commercial Finance LLC 10.3 Master Equipment Lease Agreement number 32115 dated as ofJune 18, 2020 betweenSunOpta Grains and Foods Inc. andLiberty Commercial Finance LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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