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 Forbes.com.While 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.

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