Tag: credit

PORT JEFFERSON, N.Y., June 25, 2025 (GLOBE NEWSWIRE) -- Hanover Community Bank (“Hanover Bank”), the bank subsidiary of Hanover Bancorp (Nasdaq “HNVR”), is excited to announce the opening of its tenth branch, located in the historic and bustling village of Port Jefferson on Long Island. This expansion marks a significant step in Hanover Bank’s strategic growth, strengthening its commitment to serving both businesses and individual consumers across the Long Island region and beyond.

Partnership with leading robotic lawn mower developer marks strategic diversification beyond automotive intelligence sector

VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Swiss Water Decaffeinated Coffee Inc. (TSX:SWP) (“Swiss Water” or the “Company”) is pleased to announce it has successfully completed the renewal and amendment (the “Amended Revolving Facility”) of its existing revolving credit facility resulting in an $80 million revolving credit facility. The Amended Revolving Facility provides the Company with $35 million of incremental borrowing capacity, consisting of $10 million of expanded revolving credit capacity with CIBC and the introduction of $25 million of incremental revolving credit capacity with Rabobank. The Amended Revolving Facility has a maturity date of June 23, 2027, and replaces the Company's current credit facilities with CIBC, which matures on October 19, 2025. The new agreement includes an option to extend maturity by one year, to June 23, 2028.