HHF Corp. has lined up $1.45 billion in financing.
A group of banks led by Wells Fargo said they will provide the money for HHF to buy up outstanding stock in Levi Strauss & Co. HHF is a company formed by the Haas family of San Francisco, who sought the financing in order to purchase 29 million outstanding shares in Levi Strauss and thereby own the company wholly once again. The Haases are descendants of company founder Levi Strauss. They went public with the company in 1971.
