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- Huntington Business Credit Closes $53.5 Million in New Credit Facilities with Mol-Son
Beyond Meat Secures $150M Credit Line
April 23, 2020
Source: S&P Global Intelligence
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.
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