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Agreement signedPublished 30 Aug 2022

DIP Financing, LLC /
Assets

DIP Financing, LLC to purchase NewAge assets under agreement

Price
$28m
Stage
Agreement signed
Source · 30 Aug 2022
See the source
01 / BuyerDIP Financing, LLC
02 / TargetAssets
01

What happened

DIP Financing, LLC agreed to purchase substantially all of the assets of NewAge, Inc. through a stalking horse asset purchase agreement dated Aug. 30, 2022. The proposed $28 million consideration would be paid in cash and through a credit bid.

The asset sale is subject to customary conditions, and NewAge is seeking court approval as part of its bankruptcy proceedings.

02

The source

Everything on this page comes from the source below.

01
Source · Source

DIP Financing, LLC to purchase NewAge assets under agreement

This document is the source for the companies, stage, figure and people on this page.

Original filingUnlock with Pro
03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

  1. Announced

    The source this page is built from.

  2. Published by the source

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