VANCOUVER, British Columbia, Aug. 25, 2022 (GLOBE NEWSWIRE) — Swiss Water Decaffeinated Coffee Inc. (TSX: SWP) (“Swiss Water” or “the Company”) is happy to announce as half of its persevering with dedication to implement environment friendly and versatile monetary options to assist working capital wants arising from speedy progress and occasional worth fluctuations, Swiss Water Decaffeinated Coffee Inc. has come to an settlement with Mill Road Capital II, L.P. (“Mill Road”) to modify the phrases of the subordinated debenture held by Mill Road. The modification will increase the permitted quantity of senior debt which may be incurred by Swiss Water from $68 million to $75 million, with no price incurred for the modification.
Swiss Water is constant to consider alternatives to elevate new capital to assist its long run strategic goals, together with enhancements to its hedging program, working capital and long run debt services, and reviewing different funding alternate options.
Company Profile
Swiss Water Decaffeinated Coffee Inc. is a number one specialty espresso firm and a premium inexperienced espresso decaffeinator which employs the proprietary SWISS WATER® Process to decaffeinate inexperienced espresso with out the use of chemical substances. It additionally owns Seaforth Supply Chain Solutions, a inexperienced espresso dealing with and storage business. Both companies are situated within the cities of Burnaby and Delta, British Columbia.
For extra data, please contact:
Iain Carswell, Chief Financial Officer
Swiss Water Decaffeinated Coffee Inc.
Phone: 604.420.4050
Email: [email protected]
Website: investor.swisswater.com
Forward-Looking Statements:
Certain statements on this press launch might represent “forward-looking” statements that contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, ranges of exercise, efficiency or achievements to be materially totally different from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by such forward-looking statements. When used on this press launch, such statements might embrace such phrases as “may”, “will”, “expect”, “believe”, “plan” and different comparable terminology. These statements replicate administration’s present expectations concerning future occasions and working efficiency, in addition to administration’s present estimates, however that are primarily based on quite a few assumptions and will show to be incorrect. These statements are neither guarantees nor ensures, however contain recognized and unknown dangers and uncertainties, together with, however not restricted to, dangers associated to processing volumes and gross sales progress, working outcomes, the provision of utilities, the provision of espresso, normal business circumstances, commodity worth dangers, expertise, competitors, overseas alternate charges, development timing, prices and financing of capital initiatives, a possible influence of the COVID-19 pandemic, and normal financial circumstances.
The forward-looking statements contained herein are made as of the date of this press launch and are expressly certified of their entirety by this cautionary assertion. Except to the extent required by relevant securities regulation, Swiss Water Decaffeinated Coffee Inc. undertakes no obligation to publicly replace or revise any such statements to replicate any change in administration’s expectations or in occasions, circumstances, or circumstances on which any such statements could also be primarily based, or that will have an effect on the probability that precise outcomes will differ from these described herein.
