Crimson Wine Group extends credit agreement deadlines to June 30, 2023 via Fourth Amendment

On May 31, 2023, Crimson Wine Group, Ltd., Pine Ridge Winery, LLC, Chamisal Vineyards, LLC, and Double Canyon Vineyards, LLC (the foregoing, collectively “Borrowers”) entered into the Fourth Amendment to Credit Agreement (the “Fourth Amendment”) with American AgCredit, FLCA (the “Lender”), which amends that certain Credit Agreement dated March 22, 2013 among Borrowers and Lender (as previously amended, the “Credit Agreement”), in order to, among other things, extend the Revolving Loan Termination Date (as defined in the Credit Agreement) to June 30, 2023, extend the Term Revolving Loan Conversion Date (as defined in the Credit Agreement) to June 30, 2023, and extend the Term Revolving Loan Termination Date (as defined in the Credit Agreement) to June 30, 2023.