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Crystal Financial Provides $15MM Term Loan to Sports Chalet

August 01, 2014, 07:31 AM
Filed Under: Retail

Sports Chalet is a premier, full-service specialty sporting goods retailer offering a broad assortment of brand name sporting goods, equipment, apparel, and footwear. The California-based retailer operates 50 stores located in California, Arizona, Nevada, and Utah.

To supplement its existing ABL facility, the company was interested in incremental capital to support strategic objectives and to continue its tradition of exceptional customer service and superior product selection that the consumer has come to rely on since 1959. Crystal Financial SBIC delivered a $15 million second lien term loan that will provide the capital the Company needs to compete and win.

Crystal Financial, a portfolio company of Solar Capital Ltd, is an independent commercial finance company that provides senior and junior secured asset-based and cash flow loans to middle market companies. Its team of experienced, responsive professionals has underwritten, closed and managed more than $20 billion in secured debt commitments across a wide range of industries.

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