Mill 42
Huntington Beach, CA, May 11, 2018 – Envisage Advisors (“Envisage”) is pleased to announce it acted as a placement agent for Huntington Beach, CA based Mill 42, Inc. (“Mill 42” or the “Company”) on a debt capital raise with Bank of the West. The transaction provides liquidity for working capital and other general corporate purposes.
About the Transaction
Mill 42 is an American born apparel company focused on the needs of branded apparel companies. The founders of MILL 42 are industry veterans with decades of experience building successful global brands.
Company Information
Founded in 2015 by Kevin and Mike Dunlap, the Company is passionate about the details; manufacturing, quality control, brand image, accountability and customer service. Mill 42 was created for the sole purpose of supplying the customer with a quality product at a perfect price. Mill 42 sources its products world-wide in order to meet the growing expectations of our customers, but it is its joint venture with their production partner in Tijuana, Mexico that gives it a true competitive edge.
The Company offers branded companies, designers, artists, licensees, screen printers, and promotional companies a simple solution for the basic blank with excellent customer service, same day delivery, and no minimum requirements. Management is committed to the company slogan; “Innovators of the Modern Basic.”
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 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
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
Still Have Questions?
Please contact Leo Fernandez if you would like to discuss this transaction.