Crystal Financial Has Funded Over $100,000,000 of Loans Since Launch in March 2010
Boston, June 30, 2010—Crystal Financial, a new commercial finance company originating, underwriting and managing secured term loans of up to $150 million per transaction, announced today that Andrew Hettinger has joined the company as Managing Director of Originations. Based in Atlanta, Georgia, Mr. Hettinger is responsible for originating and structuring new investments. Mr. Hettinger has over 20 years of experience as a cash flow lender, asset-based lender, and investment banker and is experienced at serving the financial needs of middle market companies.
Prior to joining Crystal, Mr. Hettinger was a Managing Director of Cerberus Capital Management where he was responsible for originating and managing new debt investments. He also has served as a Director of Houlihan, Lokey, Howard & Zukin and Senior Vice President at Deutsche Bank, where he was responsible for originating and structuring senior and mezzanine loans to private equity groups and middle-market companies.
“Andrew is an excellent addition to the Crystal Financial team,” stated Colin Cross, Senior Managing Director of Originations. “He has developed broad and deep relationships over the past twenty years and has the skills to originate and structure even the most complex loans to middle market companies. We are thrilled to have him join us and confident that he will be a key contributor to the growth of Crystal Financial.”
Commenting on recent fundings by Crystal Financial, Chief Executive Officer Ward Mooney stated: “We are off to a great start at Crystal Financial, having funded seven loans totaling over $100,000,000 in the past three months. We have been extremely pleased with the market’s response to our new company, and the addition of highly talented individuals such as Andrew Hettinger underscores the meaningful role we are playing in the debt capital markets.”
About Crystal Financial
Crystal Financial is a commercial finance company which originates, underwrites and manages secured term loans up to $150 million per transaction. Crystal Financial’s seasoned team of debt-structuring experts have made over $20 billion in loans to companies across a wide array of industries. For additional information about Crystal Financial, please visit www.crystalfinco.com.
Managing Director of Originations
Crystal Financial LLC
1170 Peachtree Street
Atlanta, GA 30309
Steven Migliero Jr.
Renee Soto/Briana Kelly
Sard Verbinnen & Co