secwatch.observer — SEC 8-K summary
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Issuer:     COFFEE HOLDING CO INC (JVA)
CIK:        0001007019
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001493152-24-026042
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coffee Holding extends loan maturity to June 2025, cuts facility to $10M
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- New maturity date of June 29, 2025; maximum facility reduced from prior level to $10,000,000.
- Applicable margin for revolving loans set at 2.25% per annum.
- Tangible net worth covenant set at not less than $21,200,000.
- Borrowing base definitions adjusted: green coffee capped at 50% cost/market, finished goods at 25%.
- Amendment fee of $5,500 paid; loan agreement otherwise unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007019/000149315224026042/0001493152-24-026042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007019/000149315224026042/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-026042

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