Consumer
Beyond Meat Pursues New Borrowing to Shore Up Liquidity
- Meat substitute makers looking for a new senior secured loan
- Company talking to investors to borrow as much as $250 million
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Plant-based burger maker Beyond Meat Inc. is sounding out investors to borrow as much as $250 million from private credit lenders, its second such attempt in less than 12 months, according to people with knowledge of the matter.
The Los Angeles-based producer of meat substitutes is working with PJT Partners on the outreach for a new senior secured loan, said the people, who declined to be identified as the details are private.