Consumer
Tropicana Mulls Competing Rescue Deals as Juice Sales Lag
- TPG Angelo Gordon, creditors have each offered new funding
- The juice company is facing a cash crunch as revenue falls
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Tropicana Brands Group, facing a liquidity crunch as juice sales lag, is considering competing offers for a cash injection from new lenders and holders of its existing debt, according to people with knowledge of the situation.
A loan offer from TPG Angelo Gordon is on the table, said the people, who asked not to be named citing private talks.