Crystal Financial said Wednesday it provided a loan to support the sale of Freedom Communications to 2100 Trust. Finanical terms weren’t announced. The sale includes the Orange County Register, the Pacific Community Group and the Colorado Springs Gazette. Aaron Kushner is reportedly CEO of 2100 Trust, which represents a group of entrepreneurs and former media [...]
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Crystal Financial has served as the co-arranger on a $165-million, senior-secured term loan facility to MegaPath, a portfolio company of Platinum Equity. The proceeds of the loan were used to refinance existing debt. MegaPath is a provider of bundled managed services and IP broadband access solutions for small- to medium-sized businesses. PRESS RELEASE Crystal Financial [...]
Independent commercial finance company Crystal Financial has expanded the roles of two members of its senior management team. Colin Cross, senior managing director, will manage a newly created position focused on directing new strategic and corporate finance initiatives. Steve Migliero, managing director, will lead Crystal’s business development and origination strategies. PRESS RELEASE Crystal Financial LLC, [...]
Crystal Financial and GB Merchant Partners co-agented a $34 million senior lending facility for Great Lakes Aviation Ltd., which, despite its name, operates in Wyoming. The company services airports in the High Plains and Rocky Mountain regions. Great Lakes Aviation, Ltd. was advised by Raymond James & Associates, LLC.
Middle market financing provider Crystal Financial will add Cheryl Carner, Mirko Andric and Jon Wyeth to its’ Boston Office. Carner will be a managing director, Andric joins as a VP and Wyeth joins as an associate. Carner comes with experience at GE Capital, Franchise Finance and CapitalSource.
Bell and Howell, a portfolio company of Versa Capital Management, has sealed a $55 million credit facility, including a $20 million term loan from Crystal Financial. The money will help support the growth and working capital needs, the company said Thursday. Based in Wheeling, Illinois, Bell and Howell develops production mail equipment and software technologies.
Crystal Financial has launched as a new commercial finance company that will originate and underwrite secured term loans of up to $150 million. It has received an undisclosed amount of private equity funding from Soros Fund Management.