Clover Technologies
$15.7 million Second Lien Term Loan
Overview
Clover Technologies is the world’s largest collector and recycler of used cell phones, inkjet and laser cartridges.
Challenge
Golden Gate Capital acquired the company and sought 2nd lien debt to finance the buyout.
Solution
Crystal funded $15.7 million of the 2nd lien term loan based on the Company’s leading market position and their barrier’s to entry.