Farmer Brothers Draws Down on Revolving Credit Facility to Enhance Financial Flexibility
Farmer Brothers Company (FARM)
Last farmer brothers company earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
farmerbrothers.gcs-web.com/investor-overview
Company Research
Source: GlobeNewswire
NORTHLAKE, Texas, April 29, 2020 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) (the “Company”) today announced that it has drawn down $34.0 million on its $125.0 million revolving credit facility, bringing the total amount outstanding to $122.0 million of revolving loans and $2.3 million of outstanding letters of credit. This is a proactive measure to increase the Company’s cash position and preserve financial flexibility. Deverl Maserang, President and Chief Executive Officer of Farmer Brothers, said, “We remain focused on taking actions to support the long-term sustainability of our business as we continue to navigate the evolving COVID-19 situation. In addition to the steps we have already taken to eliminate discretionary expenses and reduce capital expenditures, we are accessing additional funds through our credit facility as a precautionary measure to maintain our financial flexibility. This will also allow us to accelerate the continued rebalancing of our manufacturing a
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FARM
Earnings
- 11/6/25 - Miss
FARM
Sec Filings
- 12/11/25 - Form 8-K
- 11/14/25 - Form 4
- 11/14/25 - Form 4
- FARM's page on the SEC website