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Tropicana Orange Water Competition Rescue Deals as Sales Lag


(Bloomberg) – a tropicky brand group facing liquidity crisis such as sales lag, reviews the supervision of new debtors and owners of people with knowledge of the situation.

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The loan offer from TPG Angelo Gordon, left the table, people who say, asked not to be called special talks.

Some lenders managed by Pai partners are also negotiating with water manufacturer in connection with the proposed debt correction of both the tropics and new financing and reconstruction of existing liabilities. These lenders work under a pact to negotiate as the company agreed section.

Such cooperation agreements have become common in the difficulty borrowed debt markets, as creditors have increased in recent years as they have been working in problem debt markets. One conclusion has led to an increase in the maneuvers using the assets away from existing lenders.

TPG Angelo Gordon, a loan and real estate investment platform for an alternative asset manager TPG, refused to comment on potential financing talks. Tropicana, who does not respond, is recommended to solve your debt by PJT Partners Inc.

Gibson Dunn, recommended to the group of creditors, did not meet the desire.

The debt of the tropical was due to the purchase of a $ 450 million worth of $ 450 million in 2029 and in 2030, from PEA, which has purchased a large number of LEEN loans and other beverage brands from Pepsico Inc. in 2022.

Income Azerbaijan’s reduction is the ability to finance tropics and serving these debts and said.

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