TCA Global Credit Master Fund committed to a $3.5 million senior secured revolving line of credit facility to Pulse Beverage.

The initial tranche of $650,000 was funded on November 6, 2015. Following the initial tranche, Pulse must meet specific requirement to gain access to an additional $250,000 being held in escrow and must meet specific monthly collateral requirements to further draw upon the credit facility.

The credit facility is secured by a senior secured interest in all of Pulse’s assets. In connection with the credit facility, Pulse also issued 3,000,000 shares of restricted common stock to the TCA. Pulse has the right to buy-back these shares by paying $150,000 to the Lender on or before May 6, 2016, six months after issuance.

Pulse Beverage is an emerging beverage company that produces Natural Cabana Lemonades, Limeades and Coconut Waters as well as PULSE Heart & Body Health functional beverages.