June 3, 2024
May 29, 2024
May 23, 2024
May 21, 2024
June 5, 2024
June 4, 2024
May 30, 2024
May 27, 2024
June 4, 2024
May 29, 2024
May 28, 2024
May 24, 2024
June 5, 2024
June 5, 2024
June 4, 2024
June 3, 2024
February 27, 2024
August 7, 2023
June 19, 2023
July 1, 2022
May 31, 2024
May 29, 2024
May 27, 2024
May 24, 2024
Daily Coffee News Staff | June 5, 2024 
Seattle-based green coffee importing company Sustainable Harvest recently closed a $20 million credit agreement with Brown Brothers Harriman.
The sustainability-linked loan agreement, which closed in April, represents the first standalone financing deal for Sustainable Harvest since the formerly Portland, Oregon-based company was acquired by Sucafina in early 2023.
According to a recent announcement from Sustainable Harvest, capital will be used to further the company’s “Relationship Coffee” initiative, which has historically involved long-term partnerships with coffee producers.
Sustainable Harvest courtesy photo.
“Brown Brothers Harriman was instrumental in Sustainable Harvest’s most successful years. We are happy to reinstate the historic partnership. Relationships matter in coffee trading and in banking alike,” Sucafina Head of Green Coffee and Sustainable Harvest board member Jordan Hooper said. “Sustainable Harvest will use the capital to build upon its Relationship Coffee model. We will continue to push the boundaries of traceability and financial transparency with BBH’s dedicated support.”
Additional terms of the financial agreement were not disclosed.
One of the largest and longest-running banks in the United States, Brown Brothers Harriman purchased $7.94 million worth of shares in another coffee company, Westrock Coffee, in 2023, according to Guru Focus Research. Alongside Westrock on a list on “portfolio companies” on BBH’s website is an unnamed entity described as an “outsourced supply chain services provider to the coffee and tea industries.”
Comments? Questions? News to share? Contact DCN’s editors here.
Daily Coffee News Staff
Tags: banks, Brown Brothers Harriman, green coffee, Jordan Hooper, loans, seattle, Sucafina, Westrock Coffee
E-News Subscribe