E-cigarette maker Juul to explore options including financing

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Reuters

(Reuters) -Juul Labs Inc said on Friday it is in the early stages of exploring several options including financing alternatives, as the company deals with lawsuits and a probable ban on sales of its e-cigarettes by U.S. health regulators. Bloomberg News earlier reported, citing sources, that Juul’s bankers at Centerview Partners are sounding out investors for a possible $400 million first-lien term loan due August 2023. (https://bloom.bg/3O9qStl) The proceeds would help refinance an existing term loan, which has around $394 million outstanding and matures on the same date, the report added. A …

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