Testimonials

“When acquiring control of a company in a 363 asset sale, we seek lenders who understand the insolvency process and have experience working in a dynamic deal environment. We appreciate the flexibility, speed and creativity Crystal brought to the process during our acquisition of Bell and Howell.”

—Greg Segall, CEO of Versa Capital Management, Bell and Howell, LLC

“Crystal Financial stepped up and provided us with a new line of credit at a crucial time in our restructuring process. Recognizing that Loehmann’s might need to undergo a bankruptcy process, they provided additional borrowing capacity under our revolver, enabling us to purchase more inventory from our vendors and keep our iconic brand alive. They also provided a DIP loan and an exit financing commitment to our company. As a result of their faith in us and the support of our vendors, we have successfully exited bankruptcy, restructured our balance sheet and saved 1,900 jobs. All of us at Loehmann’s appreciate the Crystal Financial team’s creativity, hard work, late nights and weekends it took to get us to a speedy exit from bankruptcy.”

—Joe Melvin, interim CEO, Loehmann’s

“We are very pleased with the creativity and flexibility of the Crystal Financial team. It is a welcome change to be working with financial partners who take the time to understand our business and our financing needs.”

—Rick Quigley, President and CEO, Petrowest

“Crystal’s ability to respond quickly to a time-sensitive situation and collaboratively work with the equity sponsor to develop a structure that would maximize liquidity was integral to a successful restructuring for Ritz Camera. Their flexibility and patience throughout the process was a welcome change and we look forward to working with the team again on future assignments.”

—Mark Loeffler, Managing Director VRA Partners, Advisor, Ritz Camera & Image, LLC

“The Crystal team worked quickly, thoughtfully and tirelessly to support Ritz Camera & Image with a creative financing solution that maximized our liquidity while bridging the Company to a successful equity investment from Transom Capital. They delivered on the deal as proposed and their timely execution was instrumental in advancing our Company through a critical stage in our turnaround process. We view Crystal as true partners in our success.”

—Stephen M. Lamastra, President & CEO, Ritz Camera & Image, LLC

“Crystal successfully structured and delivered a creative financing solution that was responsive to The SCOOTER Store's complex financings needs. In conjunction with the senior revolver provided by CIT, Crystal's second lien term loan provided incremental liquidity to support the company’s growth in working capital. We are excited about our investment in The SCOOTER Store and pleased to have Crystal Financial as a lender to the company.”

—Steve Liff, Senior Managing Director at Sun Capital Partners

“Thanks for the best wishes and particular thanks to you and the Crystal team for your support over the past 18 months. You smartly saw the opportunity and invested in us when others were skeptical. More importantly you were a supportive partner helping us to grow our business at every stage of our relationship. Our Crystal experience was 5 star! You’re a terrific group of professionals and really good guys.