Crystal Financial Increases Its Debt Capacity
Crystal Financial, an independent commercial finance company, announced that it has expanded its existing credit facility with Deutsche Bank. The increase in the line of credit from $200 million to $275 million will provide incremental liquidity, enhance advance rates, and offer the additional flexibility necessary to enable Crystal to effectively tailor its lending solutions to meet the current needs of its middle-market clients.
“Deutsche Bank has been an important partner to Crystal over the past several years,” noted Joshua Franklin, chief operations officer at Crystal Financial. “The additional capacity and resulting flexibility afforded by this amendment will allow us to achieve our strategic and financial objectives.”
Crystal Financial is an independent commercial finance company that provides senior and junior secured loans for both asset-based and cash-flow financings (minimum of $10 million in funding) to middle-market companies.