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.