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.
Ward Mooney, Colin Cross and Michael Pizette are no strangers to success. Despite their collective achievements, these veteran lenders point out that the ultimate beneficiaries of all their hard work are the dozens of companies struggling to make their way in an unfriendly credit environment — companies that without their help, could very likely become casualties of an economy still struggling to recover.