debt
confidence high
sentiment neutral
materiality 0.40
Coffee Holding modifies loan with Webster Bank; maturity extended to June 2024, rate set at SOFR+1.75%
COFFEE HOLDING CO INC
- Eighth Loan Modification Agreement with Webster Bank dated June 28, 2022.
- New loan maturity date of June 30, 2024.
- Interest rate changed to SOFR plus 1.75% per annum.
- All other terms of the Loan Agreement remain unchanged.
- Borrowers: Coffee Holding Co., Inc. and subsidiary Organic Products Trading Company LLC.