Daily News: March 24, 2014

Crystal Closes $20MM Term Loan for Alfred Music

Crystal Financial announced the closing of a $20 million senior term loan for Alfred Music Publishing.

“Alfred Music continues to be the gold standard in music education, helping the world experience the joy of making music, and we are thrilled to be on this journey together”, noted Stephen Krawchuk, Crystal’s managing director.

“We are pleased to be working with Crystal as our financing partner and we are impressed with their ability to understand our business, its needs, and opportunities. Crystal was both creative and responsive and delivered on the structure they proposed”, said Ron Manus, Alfred Music’s CEO.

Los Angeles-headquartered Alfred Music Publishing Co. is one of the world’s largest publisher of educational music products with over 184,000 print and digital products sold at over 10,000 retailers worldwide.