We deliver creative solutions to complex challenges through our disciplined and focused approach to credit. Our team has a proven ability to execute in time sensitive situations providing our clients the value-added solutions they require.
The best way to illustrate what we do is through examples of our past transactions activity. We’ve helped the following organizations accomplish their strategic objectives with flexible and unique debt capital solutions. Click on the logos below for more details.
View by Transaction Purpose:
$125.0 million Senior Term Loan
$35 million Secured Term Loan
Active International consults and engages with the Fortune 1000 on ways to optimize companies’ assets, typically excess consumer packaged goods, real estate and capital equipment.
$160 million DIP Facility
Crystal provided a $160.0MM DIP facility that provided incremental liquidity from the pre-petition structure
$25 million Second Lien Term Loan
Crystal agented a $25.0MM second lien term loan. Combined with a new $75.0MM senior credit facility, the Company achieved a critical objective of securing long term financing with no maturing debt until 2018 in addition to providing incremental liquidity for general corporate purposes.
Alfred Music Publishing Co.
$20 million Senior Term Loan
American Apparel, Inc.
$80 million Revolving Credit Facility
American Apparel is a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California.
Crystal participated in a $225 million Senior Secured Term Loan
$12.5 million Senior Secured Term Loan
Aquent, a subsidiary of TRI Ventures, Inc. is a market leader in the staffing and outsourced project management industry primarily focused on the creative and marketing fields.
Argo Turboserve Corporation
$12 million FILO Term Loan
Argo Turboserve Corporation is a specialized inventory management and logistics provider for large companies that operate in the Aerospace, Industrial or Nuclear industries.
Bakers Footwear Group, Inc.
$30 million Revolving Credit Facility
Bakers Footwear Group, founded in 1924, is a mall-based speciality retailer of footwear and accessories.
Bell and Howell, LLC
$25 million Term Loan
Bell and Howell, LLC based in Wheeling, IL is a provider of solutions and services for paper-based and digital messaging solutions. Crystal co-agented a $55 million credit facility to support the growth and working capital needs of the organization.
$33 million Second Lien Term Loan
Based in Montreal, Canada, Birks Group Inc. (NYSE MKT: BGI) designs, develops, manufactures, and retails fine jewelry, timepieces, sterling silver, and other gifts.
$17 million Senior Secured Credit Facility
Body Central Corp., founded in 1972 and headquartered in Jacksonville, FL, is a multi-channel, specialty retailer offering on-trend, quality apparel and accessories at value prices.
$150 million ABL Term Loan Documentation Agent
Brake Parts Inc.
$30 million Senior Secured Term Loan
BPI is a leading provider of brake parts and systems to the North American aftermarket automotive sector.
C&K Market, Inc.
$25 million Term Loan
C&K Market, Inc. is a regional grocery chain operating 43 stores in rural communities in California and Oregon.
$31 million Secured Credit Facility
Founded in 2010, C3/CustomerContactChannels, Inc. (C3) is a provider of business process outsourcing with services ranging from traditional customer center solutions, web based communications and social media support. C3 serves a variety of clients in various industries including healthcare, travel, telecommunications, and logistics.
$10 million Term Loan
Crystal provided a $10MM term loan in conjunction with a $10MM revolver provided by a national bank.
$25 million Senior Credit Facility Participant
$45 million Senior Secured Term Loan
Senior Term Loan
Crystal Financial provided a Senior Term Loan as part of a broader recapitalization of the business led by Trive Capital.
$15.7 million Second Lien Term Loan
Clover Technologies is the world’s largest collector and recycler of cell phones, inkjets and laser cartridges. In June 2010, we supported the acquisition of the company with a second lien term loan.
$20 million second lien loan
Covenant Care offers Skilled Nursing and Rehabilitation Centers and Residential Care/Assisted Living Centers that offer short term care as well as a variety of related specialty services and programs. Crystal provided a $20 million Second Lien Loan to support the refinancing of an existing credit facility and a dividend recapitalization.
Senior Term Loan Co-Agent
Crystal Co-Agented a new, larger senior term loan to support the Company’s continued expansion.
CRS Reprocessing, LLC
$30 million Term Loan
CRS Reprocessing, LLC based in Louisville, KY is the technological leader in reprocessing industrial fluids through its on-site reprocessing facilities primarily to the solar and flat metal rolling industries. Crystal co-led a $30 million term loan to support growth CAPEX financing.
$40 million Senior Secured Credit Facility
Founded in 1979, Dakine is an established, authentic consumer action sports brand.
$300 million Senior Secured Credit Facility
easyhome Ltd., based in Mississauga, Ontario, is one of the leading providers of merchandise and financial services to the credit constrained consumer. The Company operates two divisions: easyhome Leasing and easyfinancial. With 185 stores across Canada, easyhome offers the consumer a broad selection of quality, brand name products in the appliances, electronics and furniture sectors. Its easyfinancial division is a leading provider of consumer loans as an alternative to traditional banks or other sources of credit.
$55.5 million Senior Secured Unitranche
Crystal SBIC participated in a $55.5MM senior secured unitranche facility agented by LBC Credit Partners. The facility included a revolver, term loan and a delayed draw term loan.
Endurance provides shared web-hosting and other online services to (i) small and medium businesses and (ii) the small office/home office markets. Its suite of services includes website creation, hosting, domain registration, email marketing tools and back end tracking applications. Crystal closed on a $25 million commitment in October 2011, through volatile equity and debt capital market conditions.
Fred Weber, Inc.(FWI)
Founded in 1928, Fred Weber, Inc.(FWI) is the largest operator of limestone quarries and producer of hot mix asphalt in the greater St. Louis area. They are an industry leading, full-material contractor supplying crushed stone, sand and asphaltic concrete in addition to providing surface and underground mining services.
Senior Secured Term Loan
Freedom Communications is a newspaper publishing company operating three divisions (i) The Orange County Register (OCR) (ii) The Colorado Springs Gazette (CS) and (iii) Pacific Community Group (PCG) - a collective of 5 West Coast daily publications and 5 weekly publications. OCR is the 17th largest US newspaper and the dominate publication in Orange Country and CS is the 2nd largest publication in the state of Colorado.
Frontier Spinning Mills
$22.5 million First Lien Term Loan
Founded in 1996, Frontier Spinning Mills Inc., is the second largest provider of cotton and cotton/polyester blend yarns in the U.S. The Company operates 5 manufacturing facilities and its major customers are domestic manufacturers of basic t-shirts, underwear and socks.
$50 million FILO Term Loan
GateHouse Media, Inc., headquartered in Fairport, N.Y., is one of the largest U.S. publishers of locally based print and online media with 78 daily publications and 235 weeklies serving audiences of approximately 10 million per week. These publications are located in 20 states with the most significant coverage in Massachusetts, New York and Illinois.
Gibraltar Capital Advance
$26 million Senior Credit Facility
Gibraltar Capital Advance is one of the leading providers of cash advances to small businesses nationwide. They – like Crystal – provide a non-bank alternative solution for companies in need of growth capital.
Global Analytics Holdings, Inc.
$30 million Senior Secured Credit Facility
Global Analytics Holdings, Inc. is a financial services and technology company focused on serving underbanked consumers.
Senior Credit Facility
Global Holdings LLC (the Company) is a leading provider of payment processing and account management services to the consumer debt settlement industry. The Company provides businesses and consumers with unique solutions utilizing sophisticated and innovative technology for managing thousands of creditor payments daily.
Great Lakes Aviation, Ltd.
$34 million Senior Credit Facility
Great Lakes Aviation is a regional airline carrier and codeshare partner with United and Frontier Airlines. Founded in 1979, it operates 37 passenger planes (19 & 30 seats) and services 42 airports for smaller cities in the High Plaines & Rocky Mountain regions through its hubs in Denver, Albuquerque, Phoenix. Las Vegas and Los Angeles. The Company is a significant recipient of government subsidies from the Essential Air Service Program (EAS). This program ensures that rural airports are serviced by airline carriers and requires Congressional approval each year as part of the budgeting process.
Intelligent Global Pooling Systems (iGPS)
$20 million Secured Credit Facility
Founded in 2006, Intelligent Global Pooling Systems (iGPS) is the operator and owner of the world’s first and largest global plastic pallet rental pool, featuring lightweight, 100% recyclable plastic pallets. It operates from a robust network of depots serving over 100 manufacturers and 2,000 retailers.
$20 million Term Loan
Crystal underwrote a $20 million term loan
$175.0 million Senior Term Loan
Javlin Capital LLC
$55 million Senior Secured Credit Facility
Founded in 2011 and headquartered in Omaha, NE, Javlin Capital LLC partners with services to acquire complex assets. Javlin deploys capital across five markets: (i) consumer receivables, (ii)student loans, (iii) healthcare, (iv) litigation finance, and (v) real-estate assets.
Kraus Group of Companies
C$40 million Canadian Term Loan
The Kraus Group of Companies, based in Waterloo, Ontario, is a vertically integrated manufacturer and distributor of premium carpet and flooring serving both the residential and commercial markets in Canada, the US and Australia.
$55.0 million Senior Credit Facility
LANDesk Software is a global leader in systems lifecycle management, endpoint security and IT service management. Crystal provided a second lien term to support the September 2010 acquisition of LANDesk by Thoma Bravo.
$35 million Pre-Petition Revolver
$45 million DIP Facility
Loehmann’s is an off-price specialty retailer. In September 2010, Crystal provided a $35 million revolving facility to refinance existing debt and for general working capital purposes. In November 2010, Crystal agented a $40 million revolving debtor-in-possession loan for the company. On March 1, 2011, Loehmann’s successfully exited Chapter 11 and is now positioned for growth.
First Lien Credit Facility
$6.5 million Second Lien Term Loan
Crystal Financial SBIC LP provided a $6.5 million second lien term loan behind a nationally known money center bank
$165 million Senior Secured Facility
MegaPath is a leading national provider of communication services including T1, DSL, Business Ethernet, DS3, voice over IP (VOIP) and wireless services. Crystal acted as Co-Lead Arranger on their new facility which provided a more cost efficient and flexible capital structure.
Merchant Cash and Capital, LLC
$25 million Secured Term Loan
Merchant Cash and Capital, LLC is a specialty finance company that provides cash advances to small businesses by purchasing a portion of their future revenue streams.
Middle Market Service Provider
$70.0 million Senior Term Loan Administrative Agent
$50 million Term Loan Co-Lender
Crystal Financial played a lead role in the $50.0 million senior secured term loan with proceeds used for the acquisition. Upon close, Model N is well positioned to deliver best-in-class revenue management solutions on a global basis.
New York Times Regional Media Group
$37.1 million Senior Secured Term Loan
The New York Times Regional Media Group (NYT-RMG) operated as a division of the New York Times Company (NYSE: NYT) and consisted of 14 daily regional newspapers and other publications. NYT-RMG focused on mid-size communities, predominantly in the southeastern U.S., in such markets as Tuscaloosa, AL, Sarasota, FL, Wilmington, NC and Spartanburg, SC.
North East Linen Supply
$14.5 million Senior Credit Facility
Crystal Financial SBIC provided a $14.5MM senior secured term loan.
$17 million Senior Secured Term Loan
Crystal’s $17MM senior secured term loan refinanced the Company’s existing debt and allowed the Company to implement their key strategic initiatives
$15 million Senior Term Loan
$47.9 million Term Loan
Petrowest, based in Calgary, Alberta, is a leading provider of pre-drilling and post-completion energy and civil infrastructure services to the northern region of the western Canadian sedimentary basin. Crystal agented a $47,900,000 term loan to support the refinancing of an existing credit facility.
Piggly Wiggly Holdings LLC
$8.9 million Term Loan & $30 million Revolver
Piggly Wiggly Holdings LLC is a regional supermarket chain based in Charleston, South Carolina. Crystal provided a term loan to refinance term debt, as well as provide some incremental liquidity under the revolver for on-going working capital purposes.
$15 million Senior Term Loan
$22 million First Lien Credit Facility
Remprex, LLC is leading provider of managed technology services for the intermodal industry including Class I railroads and port operators.
$26.5 million First Out Term Loan
RLJ Entertainment, Inc. (RLJE) is a premier independent owner, developer, licensee and distributor of entertainment content and programming in primarily North America, the United Kingdom and Australia with over 5,300 exclusive titles.
$57.1 million Senior Term Loan
With more than 60 years of innovation and experience, The Robbins Company, based in Solon OH, is the world’s most experienced developer and manufacturer of advanced, underground construction machinery. Robbins revolutionized tunnel construction when they designed the first hard rock tunnel boring machine (TBM) in 1956. Since then they have been involved in hundreds of tunnel boring projects around the world and their TBMs have set many world records for tunnel diameters. They offer an extensive range of underground excavation equipment.
$25 million First Lien Term Loan
ShopNBC, an interactive multi-media retailer across TV, online, mobile and social platforms, is broadcast live via cable and satelite TV in 76 million homes nationwide. Crystal agented a $25 million senior secured term loan for general working capital purposes.
Silver Airways Corp.
Revolver and Term Loan
Silver Airways Corp. is a regional airline carrier based in Fort Lauderdale, FL operating more than 200 daily scheduled flights to over 45 destinations between Florida, the Bahamas and various states. The Company operates under a principal code share and alliance agreement with United Airlines as well as interline agreements with American Airlines, Delta Air Lines, JetBlue and US Airways.
$70.0 million Senior Term Loan
$30 million Secured Term Loan
Family owned and operated since 1962, Spec’s is Texas’ largest retailer of liquor, wine and beer. With 162 locations, it offers the consumer a unique, destination shopping experience with the broadest assortment of alcoholic beverages, specialty glassware and barware and gourmet foods.
$15 million Second Lien Term Loan
Sport Chalet (SPCH.A/SPCH.B) is a premier, full service, specialty sporting goods retailer.
$25 million Senior Term Loan
$20 million Senior Credit Facility
Stone Road Energy (“SRE”) headquartered in Bridgeton, ME is a leading provider of fuel delivery services for both the residential and commercial markets in Maine, Vermont, and New Hampshire. SRE offers a variety of heating products including oil, kerosene, diesel, and propane. In addition, they provide equipment maintenance and repair services.
Times Publishing Company
$18 million Term Loan
Times Publishing Company (“TPC” or the “Company”), headquartered in St. Petersburg, FL publishes the Tampa Bay Times, the largest newspaper in Florida.
TMC Corporation (Annett Holdings, Inc.)
$12 million FILO Loan
$4.7 million Real Estate Term Loan
TMC Corporation (Annett Holdings, Inc.) is one of the largest privately held flatbed trucking companies in the U.S. Crystal provided a $12 million first-in-last-out loan as part of the company's new revolving credit facility and a $4.66 million real estate term loan.
TouchTunes Music Corporation
TouchTunes Music Corporation is the world's largest downloading pay-per-play jukebox network. In June 2010, we supported the refinance of the company with a unitranche term loan.
Transportation Management Services
$33 million Senior Credit Facility
Transportation Management Services (TMS), headquartered in Sandy Springs, MD, is a leading transportation management firm and provides transportation services through its two primary divisions: (i) Logistics Operations which provides transportation planning and operational support to state and federal government agencies as well as a wide range of private companies for corporate events, trade shows, sporting events and cruise lines (ii) Bus Operations which provides shuttle services and local sightseeing and is a Top 10 bus operator with over 250 vehicles.
Travel Holdings, Inc
$100 million Senior Term Loan
Founded in 1994, Travel Holdings, Inc. is a technology focused, global travel distributor providing both B2B and B2C services.
$40 million Senior Secured Credit Facility
True Science is a manufacturer and distributor of veterinarian-grade animal health and wellness products.
Trulite Glass & Aluminum Solutions, LLC
$23.5 million Senior Secured Term Loan
Trulite Glass & Aluminum Solutions is an industry leading glass fabricator and distributor in North America.
Turtle Beach Corporation
$12.5 million Senior Term Loan
Founded in 1977, Turtle Beach (HEAR) is one of the leading designers of high end headsets for the gaming industry.
Ultra Stores Inc.
Ultra Stores, Inc. is a leading retailer of fine jewelry, operating 150 stores in 33 states, Puerto Rico and U.S.V.I. Our second lien loan to Ultra was utilized by the company to provide working capital and fund a dividend recap.
Undisclosed Title Lender
$45 million Senior Secured Credit Facility
A leading provider of consumer finance loans headquartered in Encino, CA. Crystal provided a $45MM revolving loan to refinance an existing $30MM revolver and provide additional loan capacity for growth.
$27.5 million Senior Term Loan
Senior Credit Facility
Crystal participated in a Senior Credit Facility agented by Abacus Finance, LLC to fund the acquisition.
$15 million Secured Credit Facility
Wet Seal is a multi-channel, mall-based specialty retailer focused on contemporary apparel for the teen and junior market.