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Farmer Bros Amends $125M Credit Facility

Farmer Bros. Co. (NASDAQ:FARM) (the "Company") today announced it has amended its credit facility with JPMorgan Chase Bank, N.A to increase the Company’s flexibility in funding future capital improvements

Benzinga · 03/11/2020 12:34

Farmer Bros. Co. (NASDAQ:FARM) (the "Company") today announced it has amended its credit facility with JPMorgan Chase Bank, N.A to increase the Company’s flexibility in funding future capital improvements and execute on the strategic projects underpinning the Company’s five key initiatives. The $125 million credit facility has a maturity date in November 2023 and is subject to affirmative and negative covenants customary in a senior secured lending facility, including financial covenants relating to leverage and interest expense coverage.