Cooks Coffee secures NZ$2.6m in bank funding

Cooks Coffee Company (NZX: CCC) announced it has successfully secured NZ$2.6 million in bank funding on March 31, 2025. The facilities consist of a NZ$1.6 million loan with a 15-year term and a NZ$1.0 million loan with a 5-year term, both provided by Bank of New Zealand. According to the company, the funding will be used to repay existing debts and provide ongoing support for the group's operations and strategic initiatives. Keith Jackson, Chairman of Cooks Coffee, stated that the debt repayment and re-financing will have a meaningful positive impact, significantly reducing ongoing finance costs.