Deals

Having Headwaters at our side gave us the confidence and leverage to negotiate a new credit facility with a bank that grow with us. Brian and his team were valuable partners for us and we continue to rely on them for strategic and financial advice.
Neil Levecke, CEO, Levecke

Completion Date
September 2009

Transaction Type
Debt Restructure

Transaction Value
(Not disclosed)

Lead Partner
Brian Mulvaney
Telephone +1 949 679 8550

Background
Headwaters acted as sole advisor to The LeVecke Corporation in arranging a senior credit facility. LeVecke is a mulit-faceted company in the beverage alcohol and spirits industry.

What Difference Did We Make?
Headwaters assisted the two brothers with the succession planning upon the passing of their uncle, the controlling shareholder. As part of this share transfer, the Company needed to refinance and increase its credit facility. Headwaters was integral in this refinancing as it managed the identification, preparation and negotiations in this refinancing. One of the main issues regarding the bank facility was the guarantees, which were primarily associated with the Uncle and his foundation. Upon his passing, we needed this guarantee released. By running a competitive process, we were able to get the banks to agree to not only releasing the uncle's guarantees, but also limit the brothers guarantees.