L.I.D. Reaches Agreements With Banks on Financing

LI.D., New York, operating under Chapter 11 since March, announced that its lender banks have agreed to a long-term financing agreement. “We were a sound company then, and we are a more viable company today as our plan continues to exceed projections,” said L.I.D. president David Elishayov. L.I.D., a DTC sightholder, recently launched an expanded product line for its Diavante brand.

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