Tropicana Mulls Competing Rescue Deals as Juice Sales Lag (1)

Tropicana Brands Group, facing a liquidity crunch as juice sales lag, is considering competing offers for a cash injection from new lenders and holders of its existing debt, according to people with knowledge of the situation.

A loan offer from TPG Angelo Gordon is on the table, said the people, who asked not to be named citing private talks.

A group of existing lenders to PAI Partners-controlled Tropicana are also in talks with the juice maker about a proposed debt fix that entails new financing and a restructuring of existing liabilities, the people added.

The addition of financing ...