Lief Labs

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