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Crystal Financial Agents Secured Credit Facility for Data Center Provider

September 24, 2019, 08:00 AM

Crystal Financial served as the administrative agent in a secured credit facility to support the acquisition of data center provider CDS.

Founded in 1990, CDS provides third party data center hardware maintenance and support services for high end storage, server and networking equipment. The Company partners with OEMs such as IBM and EMC to provide post warranty support and works with many Fortune 500 companies in the U.S as well as large conglomerates in Canada, Australia, Germany and the UK.

New State Capital Partners was seeking financing to support the acquisition of the Company from its co-founders.

Crystal provided a Senior Credit Facility consisting of a revolver and a delayed draw term was provided to finance an earnout.

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