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Merisant Retires All Debt

June 30, 2014

Company continues to build brands and drive product innovation

CHICAGO--(BUSINESS WIRE)-- Merisant Company, a global leader in tabletop sweeteners, announced today that it is now debt free. The extraordinary accomplishment has occurred over a five-year period – first when the company restructured the balance sheet in 2009, followed by the rapid retirement of $142 million of secured debt financing. Merisant maintains a senior secured revolving credit facility with Bank of America, N.A. and two other commercial lenders.

“Merisant’s final debt payment concludes a transformational chapter in the company’s financial history,” said Paul Block, president and chief executive officer of Merisant. “I am proud of the extraordinary effort our team made to restructure the company from more than half a billion dollars in debt to a clean balance sheet. We look forward to using this significant achievement as an opportunity to strengthen our portfolio of brands and increase our global presence.”

In January 2010, Merisant emerged from a balance sheet restructuring by reducing its debt from $567 million to approximately $142 million and lowering its annual cash interest expense from approximately $36 million to $11 million. As of today, Merisant has reduced its debt to zero.

Merisant has worked to improve its balance sheet throughout the debt-reduction process, while remaining a leader in the competitive consumer packaged goods industry. In 2009, the company capitalized on a strategic opportunity by being the first to gain a “no objection” from the Food and Drug Administration on REBA 97 and subsequently launching a stevia-based, all-natural sweetener, Pure Via®, to diversify its product mix, gain market share and meet new consumer demands. Merisant is also the marketer of Equal® in the U.S. and Canderel® in Europe.

Merisant’s efficient operations, strong cash flow and up to $25 million of availability under its senior secured revolving credit facility, leave the company with ample liquidity to run its operations and focus on new product innovations and global marketing for long-term growth.

About Merisant

Merisant Company is a worldwide leader in the marketing of low-calorie tabletop sweeteners. In addition to PureVia®, Equal® and Canderel®, Merisant markets its products under 18 other brands in more than 90 countries. For more information visit www.merisant.com.

Note: Equal and Canderel are registered trademarks of Merisant Company and Merisant Company 2, Sarl. Pure Via is a trademark of Whole Earth Sweetener Company LLC, a wholly owned subsidiary of Merisant Company.




Edelman for Merisant

Katie Norris

Phone: 312-297-7442

Email: katie.norris@edelman.com


Source: Merisant Company


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