Daily News: March 23, 2018

Crystal Closes Standard Diversified Opportunities Credit Facility


Crystal Financial closed a senior credit facility for Standard Diversified Opportunities (SDOI) and four of its subsidiaries.

SDOI is a publicly-traded holding company which invests directly in middle-market operating businesses in a variety of industries such as outdoor advertising, insurance and consumer products.

The proceeds from the financing will be used to make additional strategic acquisitions of operating businesses.

Choate advised Crystal on the transaction.