Opus Bank is pleased to announce it provided:

Title: Boyd Coffee Company
Amount: $16,200,000
Month: March
Year: 2016

Boyd Coffee Company

Opus Bank’s Commercial Banking division provides $16,200,000 of senior debt financing to support growth initiatives and refinance existing debt for Boyd Coffee Company

Overview of Transaction

  • Boyd Coffee Company, established in 1900 in Portland, Oregon, is one of the oldest coffee companies in the world.
  • Boyd Coffee Company desired a banking relationship to support its strategic initiatives that include growth, category expansion, and execution of a partnership with a leading nationwide distributor.
  • Opus Bank (“Opus”) provided, in partnership with another lender, financing to increase profits and value of the company.
  • In March 2016, Opus provided $16,200,000 of an aggregate $38,600,000 in financing to rebalance the capital structure and fuel success.

Significance of Transaction

  • The working capital, asset financing, and rebalancing of the capital structure enabled Boyd Coffee Company to execute synergies with a leading nationwide distributor and to expand in single serve product, convenience stores, wholesale, and retail channels.
  • The strategic plan’s success will allow the local Portland company to grow and support the region with jobs and community partnerships.

Opus Bank's Role

  • Opus acted as a strategic partner and delivered trusted financial solutions integral to the execution of Boyd Coffee Company’s long term business plan.

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