Crystal Financial

Crystal provides senior and junior secured revolvers and term loans for both asset-based and cash flow financings from $10 million to $150 million for middle market companies. It provides capital to sponsored and non-sponsored companies, either as a sole lender or in conjunction with banks and other lenders. A core capability is to structure financings with asset-intensive, operationally challenged companies such as those experiencing some type of restructuring, including bankruptcy. Crystal also works with very healthy companies that are either seeking growth capital or perhaps being acquired by a private equity firm. We provide a consistent source of capital throughout a business'​ life cycle as well as in different economic conditions. Two Primary Types of Transactions •Asset-based revolvers or term loans in which Crystal has either a first lien or second lien on the borrower’s assets. Crystal partners with other lenders and structures transactions with bifurcated pools of collateral. The company will finance negative EBITDA companies and/or companies that are managing through a restructuring or turnaround. •Enterprise value transactions for which the borrower’s cash flow is the primary source of repayment. Crystal will do first lien, second lien or unitranche deals. In these EV transactions, Crystal works with companies that have a minimum of $20 million in EBITDA.