PARNELL, New Zealand – Cooks Coffee is pleased to advise that on 31 March 2025 it has finalised a NZ$1.6 million ($916,650) loan facility with a term of 15 years, and a NZ$1.0 million ($572,900) loan facility with a term of 5 years, each with Bank of New Zealand.
The loan facilities have enabled Cooks Coffee to repay or refinance all existing debt, and provide further funding to support the group’s ongoing operations and strategic initiatives.
Mr Keith Jackson, Chairman of Cooks Coffee said, “the debt repayment and re-financing will have a meaningful positive impact for the Company, with significantly reduced ongoing finance costs”.
Cooks is listed on the New Zealand Stock Exchange (NZX: CCC) and joined the Aquis Exchange in London in November 2022 under the ticker “Cook”.
The Cooks franchise model promotes ethical commitment, individual entrepreneurship and local community engagement.
Esquires Coffee was founded in 1993 and Cooks Coffee acquired the global rights (excluding Australia and New Zealand), focusing on operations in the UK and Ireland in 2013.
Cooks Coffee Company is committed to the highest standards of sustainability in all areas of the business with all coffee being derived from certified sources.
Cooks Coffee has over 100 outlets spread across its 9 international markets.
