S&W Seed Announces New Agreement
S&W Seed Company announced the completion of a new revolving credit agreement with Mountain Ridge, replacing its previous facility with CIBC Bank USA. As part of the agreement, MFP Partners L.P. , S&W Seed Company’s largest shareholder, issued a letter of credit. This letter of credit serves as collateral to support S&W’s obligations under the Mountain Ridge facility, providing additional borrowing base credit under the new agreement.
S&W Seed Announces New Agreement