Swiss Water Announces Renewal and Expansion of its Credit Facilities

Core Insights - Swiss Water Decaffeinated Coffee Inc. has successfully completed the renewal and amendment of its revolving credit facility, resulting in an $80 million facility with $35 million of incremental borrowing capacity [1][2][3] Group 1: Financial Details - The Amended Revolving Facility includes $10 million of expanded revolving credit capacity with CIBC and $25 million with Rabobank [1] - The maturity date for the new facility is June 23, 2027, with an option to extend to June 23, 2028 [1] Group 2: Business Context - The increased credit capacity is aimed at supporting working capital needs due to rising sales volumes and elevated coffee prices [2] - The CFO expressed gratitude towards CIBC and welcomed Rabobank as a new lending partner, highlighting the importance of this milestone for the company's growth in a volatile coffee market [3] Group 3: Company Profile - Swiss Water Decaffeinated Coffee Inc. is a leading specialty coffee company known for its proprietary Swiss Water Process, which decaffeinates coffee without chemical solvents [4] - The company also owns Seaforth Supply Chain Solutions Inc., which handles and stores green coffee [4]