Beyond Meat Secures $150M Credit Line

Beyond Meat Inc. said April 22 it has entered into a new five-year secured revolving credit facility of $150 million.

The new facility, which matures April 21, 2025, replaces Beyond Meat's existing secured credit arrangements.

The plant-based meat producer said the facility would provide it with a greater amount of financial flexibility and support its future growth initiatives.

The credit agreement also includes an accordion feature for up to an additional $200 million, the company said.

JPMorgan Chase Bank NA and Silicon Valley Bank acted as joint book runners and joint lead arrangers on the agreement.