TCA Global Master Fund Closes New Leaf Brands Facility
New Leaf Brands, a diversified beverage holding company acquiring brands, distributors and co-packers in North America, has received a $4 million credit facility from TCA Global Master Fund. Under the terms of the agreement, TCA Global Credit Master Fund has committed to lend $4 million to New Leaf Brands for working capital and acquisitions. The first tranche of $1 million was drawn on April 21, 2014.
“The credit facility with TCA Global supports our operations initially in the Mid-Atlantic,” said David N. Fuselier, chairman and CEO of New Leaf Brands, Inc. “It bolsters New Leaf’s efforts with vital working capital and a structure that furthers our corporate mission to deliver both organic growth and strategic acquisitions to our shareholders.”
In the Mid-Atlantic, New Leaf’s subsidiary Master Distributors, delivers a variety of non-alcoholic beverages to over 3,000 accounts and 1,000 chain stores including Giant, Wegmans, Shoppers and Safeway.