Coffee Holding extends merger with Delta to Dec 31, 2023; Delta closes $15M revolver

COFFEE HOLDING CO INC

Amendment No. 1 extends Outside Date of merger from June 29, 2023 to December 31, 2023.
Earnout Calculation: Net Income definition updated to add back merger-related charges.
Delta Corp closed a $15M revolving credit facility secured by working capital with a leading US bank.
Proceeds to fund growth in Bulk Logistics and Energy Logistics segments and for general corporate purposes.
Facility closed June 29, 2023; RMK Maritime acted as financial advisor to Delta.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COFFEE HOLDING CO INC amended Amendment No. 1 with Delta Corp Holdings Limited, Delta Corp Holdings Limited (England and Wales), CHC Merger Sub Inc., and holders of ordinary shares of Delta (effective 2023-06-29).

Action: amendment
Agreement: merger
Counterparty: Delta Corp Holdings Limited, Delta Corp Holdings Limited (England and Wales), CHC Merger Sub Inc., and holders of ordinary shares of Delta
Effective: 2023-06-29

Exact text from the filing

On June 29, 2023, JVA, Delta, Pubco, Merger Sub and the Sellers entered into Amendment No. 1 (the “Amendment”) to the Merger Agreement to extend the Outside Date (as defined in the Merger Agreement) from June 29, 2023 to December 31, 2023.

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COFFEE HOLDING CO INC filing history →

Source: SEC EDGAR

accession 0001493152-23-023315

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