Yerbaé Announces New Credit Facility of US$2.5 Million from Oxford Bank to Fuel Growth and Expansion
Summary
"This facility will provide us with additional financial resources to help expand our product line, reach more customers and continue to deliver healthy alternative energy solutions. "The Debt Facility is structured as a revolving line of credit, which means that the Company can draw down funds as needed, and only pay interest on the amount borrowed. "Were excited to have secured this new Debt Facility from Oxford Bank, as it will allow us to accelerate our growth plans and continue providing our customers with the best possible healthy energy beverage solutions," said Bill Finn, CFO of Yerba\xe9. "The Debt Facility will be used to fund the Companys growth initiatives, including investments in product innovation, marketing, and distribution. All Yerba\xe9 energy beverages are zero calorie, zero sugar, nonGMO, and gluten free.Find us @DrinkYerbae on Instagram and Facebook.This news release contains forward-looking statements relating to the Company.