Brief: Farmer Brothers Amends Credit Agreement And Provides Business Update

Farmer Bros Co

29/07/2020 13:57

July 29 (Reuters) - Farmer Bros Co  FARM.O :
    * FARMER BROTHERS AMENDS CREDIT AGREEMENT AND PROVIDES
BUSINESS
UPDATE
    * FARMER BROS CO - AMENDED ITS CREDIT FACILITY WITH JPMORGAN
CHASE
BANK, N.A
    * FARMER BROS CO - AMENDED TO INCREASE COMPANY'S FLEXIBILITY
IN
SUPPORTING ITS CURRENT AND FUTURE BUSINESS OPERATIONS
    * FARMER BROS - SAW CONSISTENT IMPROVEMENT THROUGH EARLY
JULY,
WITH DSD SALES HOLDING IN RANGE OF DECLINE TO PRE-COVID-19
AVERAGE SALES OF 44% TO 47%
    * FARMER BROS - THROUGHOUT COVID-19 TIMEFRAME, COMPANY'S
DIRECT
SHIP BUSINESS HAS REMAINED RELATIVELY STABLE OVERALL

Source text for Eikon:  ID:nGNX7j2ZDg 
Further company coverage:  FARM.O 

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