SSG Capital Advisors acted as the investment banker to VVF Intervest in the placement of a financing package that enabled VVF to refinance existing indebtedness and generate additional liquidity. The transaction closed this month.
Founded in 2007, VVF is a U.S. contract manufacturer of bar soap and antiperspirant and deodorant. The company services consumer products companies in addition to selling private label products to retailers.
SSG was engaged in December 2020 to refinance VVF’s existing debt and secure additional availability to fund the company’s current and long-term cash needs. SSG leveraged its network of capital providers and solicited interest from a targeted list of traditional and alternative lenders. After receiving multiple term sheets, a split-lien credit facility was determined to be the best solution.
