UK: PureCircle predicts stevia sales boom
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.
- Pernod's Portman Group penalty - a coincidence?
- A tobacco analogy soft drinks will want to embrace
- Comment - Coke Life: Hit or Miss?
- just The Preview - SABMiller's Q1
- Cognac plays the waiting game in China
- Pernod Ricard swings at Portman Group
- Remy posts Q1 sales drop as Edrington loss bites
- Bacardi to fight US football team legal action
- C&C Group steps down as Portman Group funder
- Distell to take 26% stake in spirits firm KHEAL