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Crystal Financial Agents $80MM Facility for Quantum Foods

February 07, 2013, 08:04 AM

Crystal Financial announced it has agented an $80 million senior secured credit facility to Quantum Foods, LLC, a leading independent custom provider of value-added protein products. Proceeds of Crystal’s senior credit facility were used to repay existing indebtedness and for general working capital purposes, including strategic investments. The five-year credit facility matures on February 1, 2018, extending existing financing maturities and expanding access to capital for the company.

"We are very pleased to provide this credit facility to Quantum Foods,” commented Colin Cross, senior managing director of Crystal Financial. “Ed Bleka and his management team have built Quantum into one of the leading meat processors in the U.S., supplying some of the most recognized restaurant chains and retail establishments in the country. Ongoing product innovations and continued investment in the company’s state-of-the-art facilities position Quantum Foods for significant growth. We look forward to supporting Quantum Foods’ financing needs as it continues to provide high-quality, innovative products to its customers,” Cross added.

Quantum Foods provides its customers with portion-controlled, ready-to-cook and value-added fully cooked protein products made from beef, poultry and pork.

“The professionals at Crystal Financial did a terrific job completing this refinance, taking the time to develop an in depth understanding of our business as well as our unique requirements,” Edward B. Bleka, CEO and founder of Quantum Foods said. “Throughout the process, Crystal Financial was able to offer constructive solutions and effective execution. With Crystal Financial as our lending partner we are strongly positioned to focus on executing our strategic plans for the future,” Bleka added.

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.

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