SOUTHBURY, CT / April 30, 2014 / New Leaf Brands, Inc. (NLEF), a diversified beverage holding company acquiring brands, distributors and co-packers in North America has received a $4,000,000 credit facility from TCA Global Master Fund, LP. Under the terms of the agreement, TCA Global Credit Master Fund has committed to lend $4,000,000 to New Leaf Brands for working capital and acquisitions. The first tranche of $1,000,000 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. Masters is the dominant regional leader in the development and marketing of innovative beverage products and actively seeks new product introductions into its routes and chains. Simultaneously, the Company is acquisitive by nature and has stated that it has several acquisition targets in the northeast corridor.
About New Leaf Brands:
New Leaf Brands, Inc. (NLEF) is a diversified beverage holding company acquiring brands, distributors and co-packers in North America. For our customers, we distribute high quality, great tasting beverages in well-placed consumer markets. For our shareholders, we acquire companies that build, maintain and nourish shareholder value. Our corporate mission is to be the best small-cap beverage holding company in North America. For more information please visit http://www.nlefbrands.com/, follow us on Twitter @NLEFBrands or email info@NLEFbrands.com.
About TCA Global Master Fund:
TCA Global Master Fund employs Alternative Investment Management Association (AIMA) best practices, transparency and governance to its $300,00,000 fund. TCA Global Credit Master Fund's reference list includes investors, service providers and a list of portfolio companies it has financed. For more information see http://www.tcaglobalfund.com/.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.
For more information contact:
David N. Fuselier, CEO or Annie Dance, Manager- Corporate Communications
SOURCE: New Leaf Brands, Inc.
Release ID: 42494