Aquent
$12.5 million Senior Secured Term Loan
Overview
Aquent, a subsidiary of TRI Ventures, Inc. is the market leader for temporary staffing and outsourced project development in the creative and marketing space. They service Fortune 500 companies nationwide as well as customers in many international markets.
Purpose
The Company sought incremental liquidity to fund their multi-year organic growth plan focused on increasing their revenues and driving sustained, incremental profitability.
Result
Crystal provided a $12.5MM senior secured term loan. Proceeds from the facility will be used to increase the Company’s availability under their working capital revolver.
“We are very pleased with our relationship with Crystal. They took the time to understand our unique business model and provided a very attractive structure. Crystal continues to be a very supportive and flexible partner.”
—Larry Bartlett, Vice President – Finance, TRI Ventures, Inc