Daily News: June 7, 2017

Crystal Agents $68.5MM Facility for Global Holdings Recap

Global Holdings is a provider of payment processing and account management services to the consumer debt settlement industry. The company processes more than 10,000 creditor payments a day and works with over 150 debt settlement companies including all of the significant companies in the settlement industry.

After founding and growing the business since 2003, management sought a long-term financial partner, which it found in New State Capital Partners. The founders and management team will remain significant shareholders and active in the daily operations.

Crystal Financial agented a $68.5 million senior credit facility, enabling New State to complete an equity recap of the company.