Reported about 13 hours ago
Tropicana Brands Group is facing a liquidity crisis due to lagging juice sales and is evaluating potential financing options from new lenders as well as existing debt holders. The company is in talks about a loan offer from TPG Angelo Gordon and is negotiating with creditors to restructure its debt, which includes a $1.8 billion first-lien loan due in 2029. The decrease in revenue poses a significant challenge for Tropicana as it seeks to maintain operations and meet its financial obligations.
Source: YAHOO