Transaction

• Lief Organics, LLC (“Lief Organics” or the “Company”) is a premier, full-service manufacturer of products for the dietary supplement industry
• Envisage acted as placement agent for a revolving credit facility placed with Bank of America

Issues

• Lief Organics continues to growing rapidly and required additional borrowing capacity
• The Company was still in the asset based lending group of Bank of America which required significant reporting

Solution

• Envisage negotiated directly with Bank of America to increase the existing facility and transition the relationship from an asset based facility to a cash flow transaction
• The change to a cash flow deal significantly reduced the reporting requirements and streamlined the facility
• Took a significant role in managing and resolving due diligence issues
• Successfully structured and negotiated the transaction