Splash Beverage Group Enters Non-Binding Term Sheet To Fund Acquisitions
Portfolio Pulse from Happy Mohamed
Splash Beverage Group, Inc. (NYSE:SBEV) has entered a non-binding Term Sheet to fund acquisitions. The Credit Facility will provide acquisition financing at the current Euribor rate plus 1.5% and will mature in 7 to 10 years. The company intends to target brands with revenues between $20 million and $75 million.
September 07, 2023 | 1:30 pm
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Splash Beverage Group's new credit facility to fund acquisitions could potentially boost its growth. The company targets brands with revenues between $20 million and $75 million.
The news of Splash Beverage Group entering a term sheet to fund acquisitions is directly relevant to the company and its stock. The company's strategy to target brands with revenues between $20 million and $75 million could potentially boost its growth and profitability, which could positively impact its stock price in the short term.
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