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Prospect News home > News index > List of issuers N > Headlines for NewAge, Inc. > News item
Published on 12/1/2020 in the Prospect News Private Placement Daily.

NewAge secures $30 million through debt facility with JGB Management

By Devika Patel

Knoxville, Tenn., Dec. 1 – NewAge, Inc. secured $30 million through a two-year debt facility with funds and accounts managed by JGB Management, Inc., according to a press release. A.G.P./Alliance Global Partners was the agent.

The new debt facility replaces the existing line of credit that the company had in place with East West Bank and increases the company’s unrestricted cash balance to more than $50 million.

NewAge is a Denver-based organic and healthy products company.


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