Specialty Coffee Bondholders Agree to Short Extension, More Talks Expected

Specialty Coffee Bondholders Agree to Short Extension, More Talks Expected

Bondholders of Specialty Coffee Investments Company Limited, connected to Michael Lee-Chin, have agreed to a three-month extension on the maturity of a bond, with further negotiations likely. The bond, issued in 2021 to refinance earlier debt, was set to mature but has been extended to April 30. The extension was approved after discussions with the arranger, although a longer 18-month extension at a higher interest rate is still under consideration. As negotiations continue, bondholders face uncertainty regarding the future payouts and terms, which could affect their financial planning and investments.

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