Californian coffee roaster and retailer Diedrich Coffee entered into a new credit facility this week with United California Bank (UCB), under an agreement that includes a US$3m 30-month term loan. The new UCB credit agreement provides for a total financing commitment of US$6.675m, comprised of the US$3m term loan (which was used to repay debt with Fleet National Bank that matured on 3 September), a US$1m equipment acquisition facility, a US$2m expansion facility to fund new coffee house development, and a US$675,000 working capital line of credit facility. The working capital line of credit is subject to a borrowing base formula.