News

US: Drinks Americas agrees credit facility

Most popular

Why brown spirits is behind low- & no-alc curve

Pernod is back in Kentucky, but why did it leave?

Anheuser-Busch InBev Performance Trends 2014-2018

How UK craft brewers are winning with Generation Z

Mainstream media is confusing spirits' consumer

MORE

US drinks group Drinks Americas Holdings has announced a US$10m revolving, asset-based credit facility with Business Alliance Capital Corp. (BACC), part of Sovereign Bank.

The credit facility will be used to fuel growth and meet large anticipated production needs, the company said.

Drinks Americas said it expects to complete the deal within the next 30 days. "The credit facility from Sovereign Bank positions Drinks Americas to execute its business plan with the confidence that we will be able to keep pace and grow with the demand for our products," said Drinks Americas CEO Patrick Kenny.

"It is a major milestone for the company that we have this important part of our financial plan and growth strategy underway."

The company added that the launch of its Trump Super Premium Vodka brand had created great excitement and it was anticipating a large number of orders, while it was also expecting significant demand for its Newman's All Natural Sparkling Fruit Juice Drinks, launched last year.


Sectors: Soft drinks, Spirits

Companies: Drinks Americas

Related Content

"It is for drinks producers to be the most committed partners of governments to tackle the harmful u...

Travel Retail's race to remain relevant - IAADFS Duty Free Show of the Americas - Preview

Travel Retail's race to remain relevant - IAADFS Duty Free Show of the Americas - Preview...

"All of us feel a great deal of responsibility" - just-drinks meets Hector Gorosabel, Asahi Europe C...

The beer category in 2017 - just-drinks' Review of the Year, Part IV - FREE TO ACCESS

The beer category in 2017 - just-drinks' Review of the Year, Part IV - FREE TO ACCESS...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?