Boston Beer Company, Inc. and Boston Beer Corporation Enter into Amendment to Amend $50 Million Revolving Line of Credit Agreement with Bank of America, N.A

On January 24, 2014, The Boston Beer Company Inc. and its Boston Beer Corporation, entered into an amendment (the Amendment) to amend the company's existing $50 million revolving line of credit agreement dated as of July 1, 2002, as amended as of August 4, 2004 and as further amended as of February 27, 2007 and March 10, 2008, with Bank of America, N.A. (the Line of Credit). The Amended Line of Credit is unsecured, but is guaranteed by American Craft Brewery LLC, a wholly-owned subsidiary of Boston Beer Corporation. The Amendment includes the following provisions: an increase in the amount available for borrowing under the Line of Credit to $150 million from $50 million; an extension of the maturity date of the Line of Credit from March 31, 2015 to March 31, 2019; and certain changes to the restrictive and financial covenants of the Line of Credit.