• Standard Outdoor Parent Closes On $25M Debt Facility

    A press release on Business Wire recently announced the closing of a $25.0 million Senior Credit Facility for Standard Diversified Opportunities Inc.(“SDOI”) with Crystal Financial LLC.  SDOI is a publicly traded holding company and is the parent company to Standard Outdoor out of Austin Texas.

    Standard Outdoor currently owns 384 faces in Alabama, Florida and Georgia and is, per Company President Mike Morrill, actively looking for growth through acquisition, development and digital conversion.

    SDOI Executive Chairman, Greg Baxter, provides his thoughts from the following press release quote:

    “We believe there are ample opportunities to make attractive investments in this market. Yet our ability to do so is, in part, dependent on a financing partner that understands our investment thesis and vision. Crystal Financial took a thoughtful approach to generate liquidity from our portfolio companies and created a loan structure designed to provide us with both flexibility and access to capital for future acquisitions,”.

    Crystal Financial LLC is an independent commercial finance company that provides senior and junior secured loans for both asset-based and cash flow financings (minimum of 10 million in fundings) to middle-market companies. They have offices in Boston and Atlanta.



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