Local Bounti Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Debt - Narrative (Details)

v3.24.1.1.u2

Debt - Narrative (Details)	3 Months Ended
Debt - Narrative (Details)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 28, 2023 USD ($) quarter	Sep. 03, 2021 USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of debt	$ 39,904,000	$ 23,045,000
Loans Payable \| Senior Facility
Debt Instrument [Line Items]
Debt, face amount				$ 150,000,000
Debt instrument, amortization period	10 years
Loans Payable \| Senior Facility \| Minimum \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt basis spread on variable rate	7.50%
Loans Payable \| Senior Facility \| Maximum \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt basis spread on variable rate	8.50%
Loans Payable \| Subordinated Facility
Debt Instrument [Line Items]
Debt, face amount				$ 50,000,000
Interest rate percentage	12.50%
Loans Payable \| Ninth Amendment To Credit Agreements
Debt Instrument [Line Items]
Debt, conditional working capital borrowing capacity, amount	$ 15,000,000
Proceeds from issuance of debt	5,000,000
Remaining borrowing capacity	$ 10,000,000
Loans Payable \| Sixth Amendment To Original Credit Agreement
Debt Instrument [Line Items]
Debt service reserve account			$ 0
Debt covenant, debt service reserve account requirement, number of quarters of scheduled interest payments \| quarter			2
Debt covenant, debt service reserve account requirement, number of quarters of scheduled amortization payments \| quarter			2

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