Embattled e-cigarette company Juul raises $700 million in debt, amid financial strain and regulatory pressure

Embattled e-cigarette company Juul raises $700 million in debt, amid financial strain and regulatory pressure

 FILE PHOTO: A guy utilizes a Juul vaporizer in Atlanta, Georgia, U.S., September 26, 2019. Image taken September 26, 2019. REUTERS/Elijah Nouvelage Reuters

.E-cigarette maker Juul has actually raised more than $700 million in financial obligation to money its operations as the business handles growing monetary and regulative pressures..The embattled business has actually been the face of a vaping crisis sweeping the nation, triggering it to combat claims, handle regulative examination, and adjust its service while seeing its evaluation slide .The current fundraising comes as financiers like cigarette business Altria taped heavy losses in their Juul financial investment and slashed their evaluations of the business.A Juul representative informed Business Insider that the business stays dedicated to fighting minor usage of its items and had actually “avoided lobbying the Administration on its draft taste assistance,” to name a few procedures.. Visit Business Insider’s homepage for more stories

E-cigarette maker Juul has actually raised more than $700 million in financial obligation to money its operations, Business Insider has actually discovered. The news was initially reported by the Wall Street Journal on Thursday.

The fundraising comes simply one week after cigarette business Altria scheduled a $4 billion disability charge on its Juul financial investment, nearly a 3rd of its initial $12.8 billion financial investment in the business. See the remainder of the story at Business Insider

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