Crystal Financial Agents Facility for Active International
Crystal Financial announced the closing of a $35 million senior term loan for Active International. Founded in 1984, Active is the world’s largest corporate trade company. As a leader in the practice of corporate trade, it delivers a comprehensive solution to businesses that seek to create value from excess assets by exchanging or trading them for other needed business services such as media, marketing, travel, freight & logistics and LED lighting.
Proceeds from the new financing provided general working capital and growth capital. The facility matures in February 2018.
“We are very pleased to be working with Active as its financial partner,” noted Steve Migliero, senior managing director of Crystal Financial. “From our first meeting with the management team, we were impressed with their expertise and the operations they have built over their 30 year history. The valuable services they provide to their clients allow many corporations to realize value from underutilized and excess assets. We look forward to supporting their continued growth.”
“It was a pleasure to work with the Crystal Financial team,” Active CEO Alan Elkin commented. “They were very thoughtful in their approach and diligent in their efforts to understand our business and related needs. Crystal quickly delivered a comprehensive financial solution that will help fuel our growth. We view this relationship as an important partnership that will drive value for Active for years to come.”