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Crystal Provides Provides $20MM Term Loan to Intersections, Inc.

May 10, 2016, 07:42 AM
Filed Under: Technology

Crystal Financial announced it nderwrote a $20 million term loan for Intersections Inc. Founded in 1986 and headquartered in Chantilly, VA, Intersections is a leading provider of consumer identity protection and monitoring services.  In addition, the company offers an innovative new product called Voyce, a groundbreaking pet wellness monitoring system for pet owners and veterinarians. 

The company was seeking capital to expand their new Voyce product as well as continue driving growth in their core Identity Guard service. Loan proceeds will provide the company with the financial means to invest in sales and operations for Voyce while creating a mechanism to establish financial independence between their two primary businesses.

Crystal Financial, a portfolio company of Solar Capital Ltd, is an independant commercial finance company that provides senior and junior secured asset-based and cash-flow loans (minimum of $10 million in fundings) 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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