Juice Plus+ Nears Restructuring With $30 Million Cash Lifeline

Juice Plus+ is set to finalize a restructuring deal as soon as next week after convincing creditors to push out looming debt maturities, according to people with knowledge of the situation.

Lenders to the nutritional supplement company agreed to the terms of a deal amid a $30 million equity injection from sponsor Altamont Capital Partners, said the people, who asked not to be identified as the matter is private. A restructuring accord stands to cap months of uncertainty for Juice Plus+, which has seen its operating cash flow deteriorate as it struggles to retain salespeople.

Under the early ...