New Age Beverages Corp.’s $25 Million Credit Facility

Sichenzia Ross Ference LLP advised New Age Beverages Corporation on the transaction

New Age Beverages Corporation (NASDAQ “NBEV”) closed a loan and security agreement with East West Bank which provides for up to $25 million aggregate principal amount revolving credit facility, which includes a $15 million term loan and a feature to provide an additional $10 million should the company choose to utilize it and a $10 million revolving line of credit.

New Age is a healthy beverage company with brands sold across all 50 states and 60 countries internationally.

The Sichenzia Ross Ference LLP team was led by Partners Gregory Sichenzia (Picture), Marcelle Balcombe, Tara Guarneri-Ferrara and associate, Grant Levine.

Involved fees earner: Marcelle Balcombe – Sichenzia Ross Ference LLP; Tara Guarneri-Ferrara – Sichenzia Ross Ference LLP; Grant Levine – Sichenzia Ross Ference LLP; Gregory Sichenzia – Sichenzia Ross Ference LLP;

Law Firms: Sichenzia Ross Ference LLP;

Clients: New Age Beverages Corporation;


Author: Ambrogio Visconti