Daily News: February 16, 2012

Coffee Holding Extends Credit Facility With Sterling

Coffee Holding Co., Inc. announced that it renegotiated and extended the term of its financing agreement with Sterling National Bank until February 17, 2014.

“We are pleased to have been able to extend our line of credit facility at a significantly reduced interest rate with our lender of choice, Sterling National Bank. We believe this extension solidifies our banking needs for the next two years and, at the same time, we will realize savings on our interest costs,” said Andrew Gordon, president and CEO.

Coffee Holding is an integrated wholesale coffee roaster and dealer in the United States.