Mercon Coffee to continue using cash collateral through March 22

By Sarah Lizee

Olympia, Wash., March 18 – Mercon Coffee Corp. can continue using cash collateral through March 22, according to an extension notice filed Sunday with the U.S. Bankruptcy Court for the Southern District of New York.

Cooperatieve Rabobank UA, New York Branch has an interest in the collateral.

The debtors currently have about $363.34 million in outstanding funded debt, including $202.55 million under a revolver due 2024 with Rabobank.

Based in the Netherlands, Mercon is a vertically integrated global green coffee supplier. It filed bankruptcy on Dec. 6 under Chapter 11 case number 23-11945.

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