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Investing.com -- Tropicana Brands Group, currently grappling with a financial squeeze due to sluggish juice sales, is weighing up competing proposals for a cash infusion from prospective lenders and existing debt holders, according to Bloomberg, citing people knowledgable with the situation.
The sources, who requested anonymity due to the private nature of the discussions, confirmed that a loan offer from TPG Angelo Gordon is currently under consideration by the juice company.
In addition to this, some current lenders to Tropicana, which is under the control of PAI Partners, are also engaging in discussions with the juice manufacturer about a proposed debt solution. This plan involves new financing and a restructuring of existing debts. These creditors are operating under an agreement to negotiate with the company as a unified group, the sources added.
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