Retailer Aéropostale filed voluntary Chapter 11 as part of an effort to transform and reorganize its operations. Crystal Financial committed to provide $160 million DIP financing.
Intersections successfully completed a $20 million term loan financing with Crystal Financial. The company terminated its existing loan agreement with Silicon Valley Bank.
Easyhome increased its total credit facility, agented by Crystal Financial, by $100 million increasing the facility to $300 million.
Turtle Beach announced the successful completion of a new $15 million term loan with Crystal Financial with bears interest at LIBOR plus 10.25%.
Versa Capital Management completed the previously announced acquisition of the business of Wet Seal. The company’s operations will be supported by a new $15 million senior facility provided by Crystal Financial.