Daily News: August 1, 2014

Crystal Financial Provides Sports Chalet Financing

Crystal Financial announced it provided a $15 million second lien term loan to Sports Chalet.

To supplement its existing ABL facility, the company was interested in incremental capital to support strategic objectives and to continue its tradition of exceptional customer service and superior product selection that the consumer has come to rely on since 1959. Crystal Financial SBIC delivered a $15 million second lien term loan that will provide the capital the company needs to compete and win.

California-based Sports Chalet is a full-service specialty sporting goods retailer offering a broad assortment of brand name sporting goods, equipment, apparel and footwear.