Monster Beverage Corporation Enters Into $750M Credit Agreement With JPMorgan Chase; Includes Three-Year Unsecured Delayed Draw Term Loan Facility And Five-Year Unsecured Revolving Credit Facility
Portfolio Pulse from Benzinga Newsdesk
Monster Beverage Corporation has entered into a $750 million credit agreement with JPMorgan Chase, which includes a three-year unsecured delayed draw term loan facility and a five-year unsecured revolving credit facility.
May 23, 2024 | 8:19 pm
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Monster Beverage Corporation has secured a $750 million credit agreement with JPMorgan Chase, which includes a three-year unsecured delayed draw term loan facility and a five-year unsecured revolving credit facility. This agreement provides Monster Beverage with significant financial flexibility and liquidity.
The $750 million credit agreement with JPMorgan Chase provides Monster Beverage with enhanced financial flexibility and liquidity, which is likely to be viewed positively by investors. The three-year term loan and five-year revolving credit facility offer the company the ability to manage its financial needs more effectively.
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