Trim Capital LLC and Skinny Nutritional Corp. (Conshohocken, Pa.), the maker of zero-calorie Skinny Water, have agreed to a financing transaction involving the issuance of $9 million of preferred and common stock and a $6 million senior secured credit facility. At the initial closing, Skinny Nutritional sold a $1 million senior secured bridge note.
“Having access to this capital will allow us to accelerate our marketing and brand initiatives, add new product lines under the Skinny Nutritional Corp. umbrella of Skinny trademarks, and build inventory levels to satisfy the demand for our products,” said Michael Salaman, CEO of Skinny Nutritional.
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