Deutsche Bank extension of the firm’s credit line enhances liquidity and flexibility
Boston—October 16, 2012—Crystal Financial LLC, an independent commercial finance company, announced today that it has expanded its existing credit facility with Deutsche Bank. The increase in the line of credit from $200 to $275 million will provide incremental liquidity, enhance advance rates, and offer the additional flexibility necessary to enable Crystal to effectively tailor its lending solutions to meet the current needs of its middle market clients.
“Deutsche Bank has been an important partner to Crystal over the past several years,” noted Joshua Franklin, Chief Operations Officer at Crystal Financial. “The additional capacity and resulting flexibility afforded by this amendment will allow us to achieve our strategic and financial objectives.”
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 funding) to middle-market companies. Its team of experienced, responsive professionals have underwritten, closed and managed more than $20 billion in secured debt commitments across a wide range of industries. For more information and media contacts, please visit www.crystalfinco.com.