secwatch.observer — SEC 8-K summary
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Issuer:     COFFEE HOLDING CO INC (JVA)
CIK:        0001007019
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001493152-23-008416
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Coffee Holding amends loan agreement with Webster Bank to waive defaults
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- Ninth Loan Modification Agreement signed March 15, 2023 with Webster Bank.
- Waives Events of Default arising from non-compliance with certain covenants as of Oct 31, 2022.
- New debt-to-tangible-net-worth ratio and fixed charge coverage ratio covenants established.
- Requires subordination agreements before issuing subordinate debt, if any.
- Other terms of original Amended and Restated Loan and Security Agreement remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007019/000149315223008416/0001493152-23-008416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007019/000149315223008416/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-008416

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