Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Swiss Water Decaffeinated Coffee Inc. > News item |
Swiss Water increases debt covenant with Mill Road to $75 million
Chicago, Aug. 25 – Swiss Water Decaffeinated Coffee Inc. increased the senior amount of debt it may incur to $75 million from $68 million, according to a press release.
The increase relates to a subordinated debenture held by Mill Road Capital II, LP.
The increase is a response to rapid growth and coffee price fluctuations.
Swiss Water is continuing to evaluate opportunities to raise new capital to support its long-term strategic objectives, including enhancements to its hedging program, working capital and long-term debt facilities, and reviewing other funding alternatives.
Swiss Water is a Vancouver-based specialty coffee company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.