Top Aggregator’s Dramatic Expansion Continues Into 2022 With $205M Upsizing of Senior Credit Facility & $20M Equipment Line Deal
Press Release
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Jan 4, 2022 10:00 EST
ST. PETERSBURG, Fla.,
January 4, 2022 (Newswire.com) –
Growve, a leading brand aggregator specializing in acquiring, operating and growing world-class omnichannel brands in the supplements & active nutrition, home & leisure, beauty & personal care, lifestyle foods, and pet care & nutrition verticals, today announced an additional $205 million in funding after amending and upsizing its existing senior credit facility. Nine financial institutions led by Truist Bank, Wells Fargo Bank, N.A., and Bank of America, N.A., participated in the arrangement, which followed a $175 million credit facility announcement six months earlier for a total borrowing capacity of up to $380 million.
Just prior to this…
