Brake Parts Inc.
$30 million Senior Secured Term Loan
Overview
Headquartered in Illinois, BPI is a leading provider of brake parts and systems to the North American aftermarket automotive sector.
Purpose
Provide liquidity for ongoing working capital and a shareholder distribution.
Result
Crystal underwrote a $30.0MM senior secured term loan based on the Company’s leading market position in North America, its strong financial performance, and the strong management team.
“Crystal delivered on the proposed structure and worked closely with our existing ABL agent to close the transaction. They demonstrated the ability to quickly understand our business and industry and we look forward to the partnership.”
—-David Overbeeke, Chief Executive Officer