Corporate ActionJun 9, 2026, 05:06 PM
Suja Life Completes IPO, Raises $186.7M Gross; Repays $142.6M Debt
AI Summary
Suja Life, Inc. completed its initial public offering (IPO) on May 8, 2026, raising gross proceeds of $186.7 million. Net proceeds of $173.6 million were primarily used to repay $142.6 million in outstanding borrowings and settle $17.5 million in employee incentive units and bonus agreements. The company now holds 61.6% of the voting power, with existing owners holding the remaining 38.4% via Class V Common Stock. For the three months ended March 30, 2026, Suja Life Holdings, L.P. (the predecessor) reported net sales of $107.06 million, a net income of $7.73 million, and income from operations of $16.28 million.
Key Highlights
- Suja Life completed its IPO on May 8, 2026, raising $186.7 million in gross proceeds.
- Net IPO proceeds of $173.6 million were used to repay $142.6 million in outstanding debt.
- $17.5 million was paid to employees for incentive units and bonus agreements.
- Suja Life Holdings, L.P. Q1 2026 net sales increased to $107.06 million from $87.36 million YoY.
- Suja Life Holdings, L.P. Q1 2026 net income was $7.73 million, up from a $0.79 million loss YoY.
- Suja Life Holdings, L.P. Q1 2026 income from operations was $16.28 million, up from $7.49 million YoY.
- Cash and restricted cash for Holdings L.P. was $28.39 million at period end.
- Total liabilities for Holdings L.P. decreased to $384.79 million from $395.54 million.
Price Impact
More from SUJA