Case Summary: Intersections

Intersections

$20 million term loan

Overview

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

Challenge

The Company was seeking capital to expand their new Voyce product as well as continue driving growth in their core Identity Guard service.

Solution

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.