Project Description


Transaction
– Mill 42 Inc. (“Mill 42” or the “Company”) is an American born apparel company focused on the needs of branded apparel companies.
– Envisage acted as placement agent for a revolving credit facility placed with Bank of the West

Issues
– Mill 42 was utilizing a factor for its liquidity needs and was looking for a debt source which could provide a lower cost of capital and be a long term partner as the Company continued to grow
– Principals did not have an historical bank relationships to lean on

Solution
– Through a targeted process, Envisage identified potential bank lenders who would be interested in providing the Company a complete financial solution
– Took a significant role in soliciting term sheets and managing due diligence process
– Successfully structured and negotiated the transaction within compressed timeframe