Daily News: May 10, 2019

Rabobank Leads $450MM Revolver for Coffee Traders Mercon

Rabobank led a $450 million revolving credit facility for green coffee trading company Mercon, according to the Daily Coffee News.

The News reports the facility will be used for sustainability initiatives, including Mercon’s in-house program LIFT, which includes training and technical assistance programs for coffee farmers in Nicaragua.

The adds the revolver will Mercon to expand LIFT to Guatemala, Honduras, Brazil and Vietnam.