Case Summary: Clover Technologies

Clover Technologies

$15.7 million 2nd lien term loan

Overview

Clover Technologies is the world’s largest collector and recycler of used cell phones, inkjet and laser cartridges.

Challenge

Golden Gate Capital acquired the company and sought 2nd lien debt to finance the buyout.

Solution

Crystal funded $15.7 million of the 2nd lien term loan based on the Company's leading market position and their barrier's to entry.