CHICAGO--()--Merisant Company, the global maker of Equal, Canderel and Pure Via tabletop sweeteners, announced today that it has successfully completed the refinancing of its credit facility. The new $95 million credit facility consists of a secured loan of $70 million and a revolver of $25 million. This transaction will lower Merisant’s financing costs and provide enhanced liquidity for Merisant’s domestic and international operations.
According to CEO Paul Block, “This financing is an acknowledgment of our continued stability and performance improvements. Today, we enjoy very favorable debt ratios and a much stronger balance sheet. With this significantly stronger capital structure in place, Merisant continues to be well positioned for successful execution relative to growth, innovation and infrastructure development. We have also used this opportunity to streamline global cash flow and optimize our European Distributor Operations.”
The lender group consists of Bank of America, N.A. and Wells Fargo, N.A. (as co-leads) and BMO Harris N.A. The transaction was not syndicated.
Merisant Company is a worldwide leader in the marketing of low-calorie tabletop sweeteners. In addition to PureVia, Equal® and Canderel®, Merisant markets its products under 18 other brands in over 90 countries. For more information visit www.merisant.com.
Note to editors: Equal and Canderel are registered trademarks of Merisant Company. PureVia is a trademark of Whole Earth Sweetener Company LLC, a wholly owned subsidiary of Merisant Company, and of PepsiCo, Inc.