FARMINGTON HILLS, Mich., Oct. 14, 2016 /PRNewswire/ -- Innovation Ventures, LLC (the "Company"), the leading producer and distributor of 5-hour ENERGY® shots, announced that it has issued today a notice of redemption for its 9.50% Senior Secured Notes due 2019 (the "Notes") in accordance with the terms of the Indenture governing the Notes. The redemption date for the Notes will be November 14, 2016. The Company intends to fund the redemption price for the Notes with the proceeds of a term loan pursuant to a credit and security agreement that it entered into today.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in, or implied by, such statements.
All information set forth in this press release is as of October 14, 2016. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
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SOURCE Innovation Ventures, LLC