Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, has announced its entry into a (non-binding) term sheet to fund acquisitions. According to the announcement, the credit facility will act as a credit reservation agreement (up to an undisclosed amount) for multiple acquisitions and will provide acquisition financing at the current Euribor rate plus 1.5% and will mature in 7 to 10 years depending on each individual acquisition. “This credit facility is designed to provide the financial backing for us to execute on a key feature of our business strategy, growth through acquisition,” said Robert Nistico, chief executive officer of Splash Beverage Group. “We have built our organization with the intention of embarking on a series of significant acquisitions, with key officers, our president, CFO, controller, national VP of Sales, etc., all with experience working with larger companies. This partnership will provide the financial capabilities to proceed with our vision. We intend to target brands accretive to Splash with revenues between $20 million and $75 million, as we believe that is the sweet spot for adding value by folding these brands into our proven management team and our distribution channels.”
To view the full press release, visit https://ibn.fm/InkKs
About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wines by the glass, SALT flavored tequilas, Pulpoloco sangrías, and TapouT performance hydration and recovery drinks. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. For more information about the company, visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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