Beyond Meat Announces New Revolving Credit Facility
Beyond Meat, Inc. announced that it has entered into a new $150 million five-year secured revolving credit facility to support its future growth initiatives. The new credit facility also includes an accordion feature for up to an additional $200 million.
“Our current cash and liquidity position is strong, and we are pleased to complete this new credit facility on terms that will provide Beyond Meat with a greater amount of financial flexibility and better position the Company for long-term success,” said Mark Nelson, Beyond Meat’s Chief Financial Officer and Treasurer. “We appreciate the support of our lenders as this transaction lowers our cost of capital, is expected to support...
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