Business
Swiss Water Announces Increase of Senior Debt Covenant to $68 Million
(TheNewswire) VANCOUVER, BC – TheNewswire - June 16, 2022 ...
About this update from Swiss Water Decaffeinated Coffee, Inc.
[{"type":"text","content":"Swiss Water Announces Increase of Senior Debt Covenant to $68 Million\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC –\n \n \n TheNewswire -\n \n \n June 16, 2022 -\n \n \n Swiss Water Decaffeinated Coffee\nInc.\n \n \n (TSX:SWP) (“Swiss Water” or “the\nCompany”) is pleased to announce as part of its continuing\ncommitment to implement efficient and flexible financial solutions to\nsupport working capital needs arising from rapid growth and coffee\nprice fluctuations, Swiss Water Decaffeinated Coffee Inc. has come to\nan agreement with Mill Road Capital II, L.P. (“Mill Road”)\nto modify the terms of the subordinated debenture held by Mill\nRoad.  The modification increases the permitted amount of senior\ndebt that may be incurred by Swiss W\n \n \n \n \n ater from $65 million to $68\nmillion, with no fee incurred for the amendment.\n \n \n \n \n Swiss Water is continuing to evaluate opportunities to\nraise new capital to support its long term strategic objectives,\nincluding enhancements to its hedging program, working capital and\nlong term debt facilities, and reviewing other funding\nalternatives.\n \n \n \n \n Company Profile\n \n \n \n \n Swiss Water Decaffeinated Coffee Inc. is a leading\nspecialty coffee company and a premium green coffee decaffeinator\nwhich employs the proprietary\n \n \n SWISS WATER®\nProcess\n \n \n to decaffeinate green coffee without the\nuse of chemicals. It also owns Seaforth Supply Chain Solutions, a\ngreen coffee handling and storage business. Both businesses are\nlocated in the cities of Burnaby and Delta, British Columbia.\n \n \n \n \n For more information, please contact:\n \n \n \n \n Iain Carswell, Chief Financial Officer\n \n \n \n \n Swiss Water Decaffeinated Coffee Inc.\n \n \n \n \n Phone: 604.420.4050\n \n \n \n \n Email:\n \n \n \n [email protected]\n \n \n \n \n \n Website:\n \n \n \n \n investor.swisswater.com\n \n \n \n \n \n \n Forward-Looking Statements:\n \n \n \n \n Certain statements in this press\nrelease may constitute “forward-looking” statements which involve\nknown and unknown risks, uncertainties and other factors which may\ncause the actual results, levels of activity, performance or\nachievements to be materially different from any future res...