Seattle-based green coffee importing company Sustainable Harvest recently closed a $20 million credit agreement with Brown Brothers Harriman.
The sustainability-linked loan agreement, which closed in April, represents the first standalone financing deal for Sustainable Harvest since the formerly Portland, Oregon-based company was acquired by Sucafina in early 2023.
According to a recent announcement from Sustainable Harvest, capital will be used to further the company’s “Relationship Coffee” initiative, which has historically involved long-term partnerships with coffee producers.
Sustainable Harvest courtesy photo.
“Brown Brothers Harriman was instrumental in Sustainable Harvest’s most successful years. We are happy to reinstate the historic partnership. Relationships matter in coffee trading and in banking alike,” Sucafina Head of Green Coffee and Sustainable Harvest board member Jordan Hooper said. “Sustainable Harvest will use the capital to build upon its Relationship Coffee model. We will continue to push the boundaries of traceability and financial transparency with BBH’s dedicated support.”
Additional terms of the financial agreement were not disclosed.
One of the largest and longest-running banks in the United States, Brown Brothers Harriman purchased $7.94 million worth of shares in another coffee company, Westrock Coffee, in 2023, according to Guru Focus Research. Alongside Westrock on a list on “portfolio companies” on BBH’s website is an unnamed entity described as an “outsourced supply chain services provider to the coffee and tea industries.”
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