Daily News: April 25, 2017

Crystal Financial Provides $14.5MM Facility to NELS

New England Linen Supply (NELS), a linen service and uniform rental company serving upscale restaurants and corporate and educational dining facilities, was seeking a new capital provider to deliver a more efficient and cost effective capital structure.

Crystal Financial provided a $14.5 million senior secured term loan. The transaction optimized the company’s capital structure by creating liquidity from its working capital, machine and equipment, real estate and intangible assets.