Juul raises $325 million in equity and debt financing for global expansion

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U.S. e-cigarette maker Juul Labs Inc has raised $325 million in an equity and de...

FILE PHOTO: Juul brand vaping pens are seen for sale in a shop in Manhattan in New York City, New York, U.S., February 6, 2019. REUTERS/Mike Segar

In a regulatory filing on Monday, the company did not break out the ratio of equity and debt offered, but said the funds would not be used for mergers, acquisitions or exchange offers, or to pay executives, promoters or directors. The company recently launched its popular USB flash drive-shaped products across Europe, South Korea, the Philippines and Indonesia and plans to expand into other markets.

 

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jennablan started smoking to get off the juul

Off of children.... congratulations on securing a new generation on nicotine dependence! The high schools and middle schools are running rampant with these and kids are getting hooked on nicotine addiction at the age 14, it is appalling! ImNotAFan

mochipawtato

Let’s see how they deal with the avalanche of lawsuits that will be coming from the growing number of children hospitalized after using their product.

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