Nutrition Business Journal
Nutrition Capital Network

Nutrition Capital Network news: 5-Hour Energy Sells $450 Million in Private Placement

Nutrition Capital Network facilitates financing and asset sales for growing companies and introduces investors to the next generation of successful brands & technology in the nutrition and health & wellness industries. Below is news from August.

Innovation Ventures LLC, the holding company of Living Essentials LLC (Farmington Hills, Mich.), which makes 5-Hour Energy, has sold $450 million of senior secured notes in a private placement, more than the originally planned $400 million. Founded by Manoj Bhargava in 2000, net sales of the 5-Hour Energy shot were $595.8 million last year, according to offering documents cited by contributor Dale Buss at the company saw sales flatten for the second quarter primarily due to a decrease in sales to mass merchandisers, the Forbes article also indicated that the company believes growth potential remains, with new products, expanded distribution, and additional manufacturing capacity under consideration.

Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.

For more finance and investment information, visit Nutrition Capital Network news.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.