Case Summary: SMART Financial

SMART Financial

$80MM Senior Credit Facility


SMART operates 3 separate pawn shop chains with a total of 61 locations in 6 states and 3 Canadian provinces. The Company was formed in 2016 by a veteran industry executive in partnership with Fortress as the financial sponsor to consolidate the fragmented industry.


In order to execute a pending acquisition and pursue additional acquisitions opportunities, the Company needed a larger facility with more attractive terms.


Crystal provided an upsized $80.0MM Senior Credit Facility comprised of a $40.0MM Term Loan and $40.0MM Delayed Draw Loan. Proceeds from the facility will be used to refinance existing debt, reduce the cost of capital, finance an acquisition and provide capital to support SMART’s roll up strategy.