VANCOUVER, BC, Canada – Swiss Water Decaffeinated Coffee Inc. 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, that it has come to an agreement with Mill Road Capital II, L.P. 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 $60 million to $65 million, with no fee incurred for the amendment.
Swiss Water is continuing to evaluate opportunities to raise new capital to support its long term strategic objectives.
This includes enhancements to its hedging program, working capital and long term debt facilities, and reviewing other funding alternatives.
Swiss Water Decaffeinated Coffee Inc. is a leading specialty coffee company and a premium green coffee decaffeinator which employs the proprietary Swiss Water Process to decaffeinate green coffee without the use of chemicals.
It also owns Seaforth Supply Chain Solutions, a green coffee handling and storage business.
Both businesses are located in the cities of Burnaby and Delta, British Columbia.
