Farmer Bros. cuts availability under secured revolver to $75 million

By Marisa Wong

Madison, Wis., March 20 - Farmer Bros. Co. amended its senior secured revolving credit facility on March 18 to reduce the maximum amount available to $75 million from $85 million, according to an 8-K filed with the Securities and Exchange Commission.

Wells Fargo Bank, NA is the agent for the second amendment to the company's amended and restated loan and security agreement, originally dated Sept. 12, 2011.

Under the second amendment, the commitment provided by Wells Fargo was reduced to $53 million from $60 million, and the commitment provided by JPMorgan Chase Bank, NA was lowered to $22 million from $25 million.

Farmer Bros. is a Torrance, Calif.-based direct distributor of coffee, tea and culinary products.

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