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


Crystal Financial Agents Term Loan for Spec’s Family Partners

October 06, 2015, 08:00 AM
Filed Under: Beverage

Family owned and operated since 1962, Spec's is Texas' largest retailer of liquor, wine and beer. With 162 locations, it offers the consumer a unique, destination shopping experience with the broadest assortment of alcoholic beverages, specialty glassware and barware and gourmet foods.

After completing a series of acquisitions, the company wanted a more flexible capital structure as well as increased liquidity in order to take advantage of attractive promotional buying opportunites from their vendors. In partnership with the asset-based lending group of their long term banking partner, Crystal agented a $30.0 million first lien term loan. The term loan will provide the necessary capital for Spec’s to take advantage of promotional purchasing opportunities.

Comments From Our Members

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