Boston, August 6, 2013
Crystal Financial LLC, an independent commercial finance company, today announced the closing of a $35.0 million Senior Term Loan for Active International. Founded in 1984, Active is the world’s largest corporate trade company. As a leader in the practice of corporate trade, it delivers a comprehensive solution to businesses that seeks to create value from excess assets by exchanging or trading them for other needed business services such as media, marketing, travel, freight & logistics and LED lighting.
Proceeds from the new financing provided general working capital and growth capital. The facility matures in February 2018.
“We are very pleased to be working with Active as its financial partner,” noted Steve Migliero, Senior Managing Director of Crystal Financial. “From our first meeting with the management team, we were impressed with their expertise and the operations they have built over their 30 year history. The valuable services they provide to their clients allow many corporations to realize value from underutilized and excess assets. We look forward to supporting their continued growth.”
“It was a pleasure to work with the Crystal Financial team,” CEO Alan Elkin commented. “They were very thoughtful in their approach and diligent in their efforts to understand our business and related needs. Crystal quickly delivered a comprehensive financial solution that will help fuel our growth. We view this relationship as an important partnership that will drive value for Active for years to come.”
About Active International
Active International consults with the Fortune 1000 on ways to optimize their companies’ assets, typically excess consumer packaged goods, real estate and capital equipment. As the global leader in corporate trade, Active has successfully helped many of the world’s leading brands recover value, reduce costs and increase market share. Providing a dynamic financial tool, Active has helped its clients improve their business performance, delivering $1.5 billion in economic benefit since 1984. Active International is based in New York and has offices in 14 countries.www.activeinternational.com.
About Crystal Financial
Crystal Financial is an independent commercial finance company that provides senior and junior secured loans for both asset-based and cash flow financings (minimum of $10 million in fundings) to middle-market companies. Its team of experienced, responsive professionals has underwritten, closed and managed more than $20 billion in secured debt commitments across a wide range of industries. For more information please visit www.crystalfinco.com.
CRYSTAL FINANCIAL CONTACTS
Steven Migliero, Jr.