Carolina Beverage starts roadshow for $120 million five-year notes

By Paul A. Harris

Portland, Ore., July 16 - Carolina Beverage Group, LLC and Carolina Beverage Group Finance, Inc. began a roadshow on Tuesday for a $120 million offering of five-year senior secured notes, according to an informed source.

Imperial Capital is the bookrunner for the Rule 144A and Regulation S for life offering.

The notes become callable in two years at par plus 75% of the coupon.

Proceeds will be used to refinance debt and fund a distribution to equity holders.

Carolina Beverage is a Mooresville, N.C.-based manufacturer of specialty and functional beverages, primarily energy drinks.

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