Swiss Water Announces Increase of Senior Debt Covenant to $75 Million

Author's Avatar
Aug 25, 2022

VANCOUVER, British Columbia, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Swiss Water Decaffeinated Coffee Inc. (TSX: SWP) (“Swiss Water” or “the Company”) is pleased to announce as part of its continuing commitment to implement efficient and flexible financial solutions to support working capital needs arising from rapid growth and coffee price fluctuations, Swiss Water Decaffeinated Coffee Inc. has come to an agreement with Mill Road Capital II, L.P. (“Mill Road”) to modify the terms of the subordinated debenture held by Mill Road. The modification increases the permitted amount of senior debt that may be incurred by Swiss Water from $68 million to $75 million, with no fee incurred for the amendment.