Merisant Completes Refinancing of Credit Facility
Continues to Strengthen Balance Sheet and Capital Structure
CHICAGO -- January 22, 2013
Merisant Company, the global maker of Equal, Canderel and Pure Via tabletop
sweeteners, announced today that it has successfully completed the refinancing
of its credit facility. The new $95 million credit facility consists of a
secured loan of $70 million and a revolver of $25 million. This transaction
will lower Merisant’s financing costs and provide enhanced liquidity for
Merisant’s domestic and international operations.
According to CEO Paul Block, “This financing is an acknowledgment of our
continued stability and performance improvements. Today, we enjoy very
favorable debt ratios and a much stronger balance sheet. With this
significantly stronger capital structure in place, Merisant continues to be
well positioned for successful execution relative to growth, innovation and
infrastructure development. We have also used this opportunity to streamline
global cash flow and optimize our European Distributor Operations.”
The lender group consists of Bank of America, N.A. and Wells Fargo, N.A. (as
co-leads) and BMO Harris N.A. The transaction was not syndicated.
Merisant Company is a worldwide leader in the marketing of low-calorie
tabletop sweeteners. In addition to PureVia, Equal® and Canderel®, Merisant
markets its products under 18 other brands in over 90 countries. For more
information visit www.merisant.com.
Note to editors: Equal and Canderel are registered trademarks of Merisant
Company. PureVia is a trademark of Whole Earth Sweetener Company LLC, a wholly
owned subsidiary of Merisant Company, and of PepsiCo, Inc.
For Merisant Company
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