Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today announced it has established a $10 million operating capital credit facility with a European and Singapore-based private funding group. According to the update, the company will use the credit facility along with additional funds raised for operating capital and will withdraw its existing $200 million S-3 Registration Statement. “We are very pleased to enter into this agreement and onboard capital from our existing investors. This $12.7 million in total ensures the company is well funded and will be used to fuel growth as we focus on reaching profitability,” said Splash’s CEO Robert Nistico. “The flexibility and availability of this capital allows us to retire our existing public shelf offering, which underscores our commitment to prudent capital allocation and responsible financial management. We remain committed to delivering value to our shareholders and are focused on executing our strategic plans to drive sustainable long-term growth.”
To view the full press release, visit https://ibn.fm/10Occ
About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wines by the glass, SALT flavored tequilas, Pulpoloco sangrias, and TapouT performance hydration and recovery drinks. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. For more information about the company, visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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