In Wake of Koffee Kup's Closure, Massachusetts Company Eyes Vermont Expansion
By
Colin Flanders
Posted on
May 7, 2021 at 8:30PM
Three days after the closure, KeyBank sued Koffee Kup for breach of contract, writing in court filings that the company still owes $3.2 million on a term loan and $4 million on a revolving credit. Those agreements, according to the suit, require that the company repay its debt in the event of a change in ownership. A week after learning that most of Koffee Kup's stock had been sold on April 1, KeyBank demanded to be repaid.