NEW YORK, Feb. 9, 2016 /PRNewswire/ -- Stevia One Perú SAC ("Stevia One" or the "Company"), the first truly vertically integrated player for the production of stevia leaf and extraction of steviol glycosides, announced that it has closed on financing commitments totaling $65 million through a combination of equity and debt.
"We're very happy to have reached this target which will enable us to construct our extraction plant and to expand our stevia plantations. Stevia One's mission is to inspire the planet and this is a crucial step to it. Source Capital was an excellent partner in this deal," commented Sebastiaan Saverys, Executive Director of Stevia One Perú SAC.
"It was great to work with Stevia One on this deal, as it is a very promising company with inspiring goals to make stevia available for everyone, thereby focusing on their guiding 3P principle: People, Planet, Profit," stated Todd Coffin, Senior Managing Director of Investment Banking at Source Capital Group and head of the firm's Structured Credit group. "Having achieved this funding allows the Company to advance an important step forward in its development."
The capital raised will be used to construct an extraction and refinery facility in Peru and invest further in the Company's agricultural assets through the expansion of its 660 hectare plantation in the country. Both the $45 million senior term debt facility and the $20 million equity placement were funded by European-based private investment funds.
Source Capital Group, Inc. acted as exclusive financial advisor to the Company.
About Source Capital Group, Inc.
The Investment Banking Group at Source Capital offers a wealth of Wall Street experience to the underserved small cap company sector through its seasoned professionals. They have successfully funded both public and private companies with an emphasis on Structured Credit and unique equity capital markets transactions, creating tailor-made solutions to enhance their clients' balance sheets. Source Capital Group began as an independent firm specializing in small to medium-sized investment banking transactions. Since 1992, it has grown into a full-service financial institution, while adhering to the highest standards of quality and integrity.
About Stevia One Perú SAC
Stevia One Perú SAC was conceived as the first large scale, truly integrated and reliable stevia company, providing highest quality, fully traceable and new products from the best quality leaves with the goal of becoming the lowest cost global producer of stevia. Founded in Peru in 2009 by Dr. Raul Urbina, Stevia One is the first truly vertically integrated player involved in the production of stevia leaf and extraction of steviol glycosides. The company uses the most advanced agricultural technology and produces genetically superior varieties of Stevia leaf. Stevia One is a sustainable company that respects the environment and in harmony with it provides the tools to the surrounding communities for their improvement in life quality and development. Stevia One is the only stevia company that is Rainforest Alliance certified. For further information, please visit www.steviaone.com
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Stevia One Perú SAC
+51-1-253-5578 / 253-5580
SOURCE Source Capital Group, Inc.