Funds Used to Support Growth CAPEX Financing
Boston –July 19, 2011 – Crystal Financial LLC announced today that it has co-led a $30 million term loan for CRS Reprocessing, LLC (“CRS”) with THL Credit Inc. Based in Louisville, KY, CRS is the technological leader in reprocessing industrial fluids through its on-site reprocessing facilities primarily to the solar and flat metal rolling industries. With over 30 years of experience, CRS designs, builds, installs, operates and maintains the reprocessing infrastructure at its customers’ facilities to ensure a consistent, high-quality product with high-yield waste recovery while lowering unit costs. CRS has operations throughout the U.S., Europe and Asia.
Steven Migliero, Managing Director of Crystal Financial, stated: “We are excited to provide this financing to support CRS in its continued growth in the Philippines, Korea, and China. The Company is very well positioned to capitalize on growth in solar wafer manufacturing in both international and domestic markets. ”
“We are looking forward to working with the Crystal/THL team,” stated Todd Phillips, CFO of CRS. “Crystal took the time to understand our global business platform, clearly communicated what it required to get our financing completed and helped keep the process moving as efficiently as possible towards an ultimate close.”
About Crystal Financial
Crystal Financial is a commercial finance company which originates, underwrites and manages secured loans to middle market companies in all industries. Crystal Financial’s seasoned team of debt-structuring experts have made over $20 billion in loans to companies across a wide array of industries. For additional information about Crystal Financial, please visit www.crystalfinco.com.