PureCircle is to draw on new funds

PureCircle is to draw on new funds

PureCircle has forecast a sales increase as it prepares to draw on funds from a new credit agreement.

The UK-based stevia producer said today (3 September) it has entered into a revolving facility agreement with Macquarie Bank in London. The deal will “support the group's anticipated growth in sales”, PureCircle said.

The company will start drawing funds from the agreement this autumn, it said.

Meanwhile, Purecircle, which in July won approval from the US Food and Drug Administration, for its latest sweetener, said it has appointed Macquarie Capital as the company's joint broker.