Private Equity Shoves Angry Lenders to the Back of the Line
Tropicana is a famous old breakfast brand whose status has taken a battering of late. Many of its lenders are about to share the same fate.
The juice maker has been crushed by climate change, blighted crops and evolving tastes, and its private equity owners have been locked in bruising talks with creditors to cut its interest costs. It's becoming a familiar saga as a host of overindebted PE-backed companies hits the skids — and is only likely to become more so as Donald Trump's tariff mayhem piles on the misery.
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