The Transaction
June 29, 2025 – Envisage Advisors (“Envisage”) is pleased to announce it acted as the placement agent for Prime Time Seafood, Inc. (“Prime Time” or the “Company”) on a debt capital raise for the Company with CalPrivate Bank. The transaction provided liquidity for working capital and other general corporate purposes.
About Prime Time Seafood
Prime Time Seafood, Inc. (“Prime Time” or the “Company”) is the leading procurer and distributor of top quality, sustainable seafood in North America. Envisage acted as placement agent for a revolving credit facility with CalPrivate Bank.
While the Company distributes a variety of different species, its specialization in tuna and ranched bluefin tuna, sets it apart from the competition. Prime Time has built the premier sales and logistics team in the North America, and have the ability to access and service clients in all major cities in the United States in a cost-effective manner.
Transaction
- Prime Time Seafood, Inc. (“Prime Time” or the “Company”) is the leading procurer and distributor of top quality, sustainable seafood in North America.
- Envisage acted as exclusive placement agent for a revolving credit facility with CalPrivate Bank.
Issues
- Prime Time’s business is growing and diversifying into new revenue streams.
- Management required a revolver facility to support working capital and other general corporate purposes.
Solution
- Through a targeted process, Envisage identified a lender interested in providing the Company with a complete financial solution.
- Took a significant role in managing and resolving due diligence issues.
- Successfully structured and negotiated the transaction.
Still Have Questions?
Please contact Leo Fernandez if you would like to discuss this transaction.