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.
- PepsiCo to consider more re-franchising - CEO
- Focus - SABMiller's Q1 Performance by Region
- Analysis - SABMiller's Australian issues continue
- Brazil could have been worse - Coca-Cola Co CEO
- Analysis - Coca-Cola fails confidence test
- Diageo's Captain Morgan Facebook ad banned
- Alcohol retailer group appoints new chairman
- Sales, profits fall at Moet Hennessy in H1
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk