November 29, 2015 | Staff Reporter
TAGS: Inventure Foods, Inventure debt refinancing,Terry McDaniel, vending |
PHOENIX -- Inventure Foods Inc. said it has completed a $135 million debt refinancing. The transaction includes a new $50 million senior-secured revolving credit facility and a new five-year $85 million senior-secured term loan facility, both of which mature on Nov. 17, 2020.
"We believe these facilities, in conjunction with our cash flow from operations, will adequately meet our capital requirements for future growth over the next several years," said Inventure Foods chief executive Terry McDaniel.