Coffee Holding Co Announces Extension of Credit Facility Term and Reduction of Interest Rate

Coffee Holding Co., Inc.

today 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.