Case Summary: Intersections
$20 million term loan
Intersections Inc. (Nasdaq: INTX), founded in 1986 and headquartered in Chantilly, VA, is a leading provider of consumer identity protection and monitoring services. In addition, they offer an innovative new product called Voyce, a groundbreaking pet wellness monitoring system for pet owners and veterinarians. To learn more, visit www.intersections.com and/or www.voyce.com
The Company was seeking capital to expand their new Voyce product as well as continue driving growth in their core Identity Guard service.
Crystal underwrote a $20 million term loan. Proceeds will provide the company with the financial means to invest in sales and operations for Voyce while creating a mechanism to establish financial independence between their two primary businesses.