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


Crystal Financial Agents $40MM Senior Credit Facility for Basic Fun!

December 17, 2020, 08:13 AM
Filed Under:

Crystal Financial announced the closing of a $40,000,000 Senior Credit Facility comprised of a $20,000,000 Revolving Line of Credit and a $20,000,000 Term Loan for Basic Fun! (“the Company”). Proceeds from the transaction were used refinance existing debt and provide the Company with enhanced flexibility to continue growing the business.

“We are excited about our partnership with Crystal Financial,” said Jay Foreman, Founder and CEO of Basic Fun!. “Crystal worked collaboratively with our team to provide a credit facility that met the needs of our business. Their commitment to understanding our business, coupled with their deep experience in consumer products, was instrumental in our decision to choose them as the lender we moved forward with.”

Kenny Smith, Managing Director of Crystal Financial added, “It was a pleasure to work with the highly experienced and accomplished management team at Basic Fun!. The Company has done an excellent job navigating a challenging 2020 and is well positioned for growth. We look forward to being their financing partner for years to come.”

Comments From Our Members

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