Fruit of the Earth secured a $30 million term loan and $60 million amended credit facility in the form of a revolving line of credit from Armory Securities. Armory Securities served as exclusive financial advisor and placement agent to Fruit of the Earth for the transaction.
Fruit of the Earth is a private label manufacturer of sun care and skin care related products to major mass market, drug and grocery retailers. The company provides its customers a complete turnkey solution – managing the product from design, formulation, testing and compliance to manufacturing and distribution.
Proceeds from the financing were used to provide additional capital for the company’s growth and take out its existing equipment term loan.
