Juul Seeks New Financing to Boost Flexibility Amid Legal Battles

Juul Labs Inc. is seeking new financing to help it navigate uncertainty as the embattled company navigates lawsuits and a potential US Food and Drug Administration ban.

The embattled e-cigarette maker’s bankers at Centerview Partners are sounding out investors for a possible $400 million first-lien term loan due August 2023, according to people with knowledge of the matter, who asked not to be identified because the discussions are private. Proceeds would help refinance an existing term loan, which has around $394 million outstanding and matures on the same date, the people said.

Another option the company is weighing is a ...