VVF Intervest, LLC

Company Profile

Founded in 2007, VVF Intervest, LLC (“VVF”) is the largest U.S. contract manufacturer of bar soap and a leading contract manufacturer of antiperspirant & deodorant.  The Company services blue-chip consumer product companies in addition to selling private label products to retailers.  VVF’s  production lines and broad capabilities allow the Company to be a preferred supplier due to its unique manufacturing processes and ability to meet volume demands from the largest brands in the world.

Situation

VVF sought to maximize its borrowing capacity with new lender(s) to fund its growth initiatives.

Solution

SSG was engaged in December 2020 to refinance the Company’s existing debt and secure additional availability to fund the Company’s current and long-term cash needs. SSG leveraged its broad network of capital providers and solicited interest from a targeted list of traditional and alternative lenders. After receiving numerous competitive term sheets, a split-lien credit facility was determined to be the best solution. SSG’s deep market knowledge and execution capabilities resulted in a solution that maximized availability against VVF’s assets and provided the necessary liquidity to fund its operations and strategic initiatives while maintaining its current ownership structure.