Crystal Financial announced the promotion of five of its professionals, including Christopher Arnold, Andrew Hettinger, Tyler Harrington, Kenny Smith and Timothy Lawlor.
Quantum Foods received bankruptcy court approval of its entry into an asset purchase agreement with Raging Bull Acquisition Company. Crystal Financial committed $60 million in DIP financing to fund ongoing operations.
Solar Capital Ltd. reported 2013 gross investment income was $163.6 million, up from $153.3 million a year earlier and noted the growth was primarily due to an increase in income from its investment in Crystal Financial.
Crystal Financial SBIC LP announced it received a license from the Small Business Administration to form a Small Business Investment Company, and closed its first investment in this new fund.
Crystal Financial closed a $28 million senior term loan for Times Publishing Company. Proceeds from the two-year facility will be used to refinance existing debt and to provide incremental liquidity for growth.
Crystal Financial announced the closing of a five-year, $35 million senior term loan for Active International, a corporate trade company.
Crystal Financial announced the closing of a $57.1 million senior term loan for The Robbins Company, a developer and manufacturer of underground construction equipment.
Crystal Financial said it agented a five-year, $80 million senior secured credit facility to Quantum Foods, a custom provider of protein products.