Eastern Bank Provides Financing To Support BostonbeaN Coffee Company's Transition To Employee Ownership

Core Viewpoint - Eastern Bank has financed the conversion of BostonbeaN Coffee Company to a 100% employee-owned company through a term loan and a revolving line of credit [1] Group 1: Financing Details - The financing includes a term loan to establish an Employee Stock Ownership Plan (ESOP) [1] - A revolving line of credit is also provided to support BostonbeaN's ongoing working capital needs [1] Group 2: Company Background - BostonbeaN Coffee Company is a leading provider of coffee, pantry, and breakroom solutions [1] - The company has been in operation for over 60 years [1]