Juul raises US$325 million in equity and debt financing

E-cigarette maker Juul Labs Inc has raised US$325 million in an equity and debt offering, a regulatory filing showed on Monday, as the company looks to speed up its global expansion at a time it is facing growing U.S. regulatory scrutiny.

The Securities and Exchange Commission filing from the company, which is 35per cent owned by Marlboro maker Altria Group Inc , also showed that the funds were not intended to be used for transactions, such as a merger, acquisition or exchange offer, or to pay executives, promoters or directors.

Altria shares were up about 1per cent in premarket trading.

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