Thu 02/23/2023 16:13 PM
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An ad hoc group of lenders to City Brewing is working with Gibson Dunn as legal advisor to address the company’s liquidity woes in light of labor shortages, weakening consumer demand for seltzer water, and higher capital spending and interest expenses, according to sources.

The company’s management told lenders at the end of last year that the volume guidance in the fourth quarter will be lower than what it had projected, citing slowing demand for seltzer water, the sources said.

The two
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