FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Crystal Financial Closes $60MM Credit Facility for Apparel Retailer True Religion

November 21, 2019, 08:50 AM
Filed Under: Retail
Related: Crystal Capital

Crystal Financial LLC announced the closing of a $60,000,000 Senior Credit Facility for True Religion Apparel, Inc. Founded in 2002 and best known for its signature denim, the Company is a retailer and wholesaler of high-quality apparel and accessories for men, women and children. True Religion’s products are available through, in its over 100 retail locations, and at select department stores and specialty retailers worldwide.

Proceeds from the transaction were used to refinance existing debt and will provide for ongoing working capital needs.

“True Religion is a leading lifestyle brand that allows its customers to express their unique and individual style. As we enter into the next phase of the Company’s growth, it is critical to have access to capital from a creative and flexible financing partner,” said Michael Buckley, CEO of True Religion. “We are excited to work with Crystal Financial as their depth of industry expertise and collaborative mentality will be an asset to the Company going forward.”

Michael Russell, Vice President of Crystal Financial added, “Crystal’s extensive experience financing apparel and consumer brands allowed us to deliver a comprehensive solution to meet the Company’s liquidity and growth objectives. We are thrilled to be partnering with Michael and the True Religion team, and look forward to a successful long-term relationship.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.