Tropicana Nears Debt Restructuring Deal to Get $400 Million Loan

Tropicana Brands Group is closing in on a debt restructuring that would give the juice maker $400 million of fresh cash, according to people with knowledge of the situation.

Lenders are in talks with the PAI Partners-controlled company to fund the new money, said the people, who asked not to be identified discussing a private matter.

The restructuring deal would also rework the order in which creditors would get repaid, said the people. It would include a below-par debt exchange that could launch as soon as next week, with different creditors set to be treated differently, they said.

Representatives ...