Crystal Financial Agents $80 Million Facility for Quantum Foods
Crystal Financial LLC, an independent commercial finance company, announced today that it has agented an $80 million senior secured credit facility to Quantum Foods, LLC, a leading independent custom provider of value-added protein products. Proceeds of Crystal's senior credit facility were used to repay existing indebtedness and for general working capital purposes, including strategic investments. The five-year credit facility matures on February 1, 2018, extending existing financing maturities and expanding access to capital for the company.
"We are very pleased to provide this credit facility to Quantum Foods,” commented Colin Cross, Senior Managing Director of Crystal Financial. “Ed Bleka and his management team have built Quantum into one of the leading meat processors in the U.S., supplying some of the most recognized restaurant chains and retail establishments in the country. Ongoing product innovations and continued investment in the company's state-of-the-art facilities position Quantum Foods for significant growth. We look forward to supporting Quantum Foods' financing needs as it continues to provide high-quality, innovative products to its customers,” Cross added.
Quantum Foods provides its customers with portion-controlled, ready-to-cook and value-added fully cooked protein products made from beef, poultry and pork.
“The professionals at Crystal Financial did a terrific job completing this refinance, taking the time to develop an in depth understanding of our business as well as our unique requirements,” Edward B. Bleka, CEO and founder of Quantum Foods said. “Throughout the process, Crystal Financial was able to offer constructive solutions and effective execution. With Crystal Financial as our lending partner we are strongly positioned to focus on executing our strategic plans for the future,” Bleka added.
About Quantum Foods, LLC
Quantum Foods, LLC is a leading independent custom manufacturer and processor of innovative value-added protein products. Founded in 1990 and headquartered in Bolingbrook, Illinois, Quantum provides its customers with menu solutions, including portion controlled, ready-to-cook and value-added fully cooked protein products made from beef, poultry and pork. The Company has established a long-standing, blue-chip customer base in the foodservice, retail, industrial, school and military channels. Quantum Foods' state-of-the art manufacturing facilities, coupled with its impeccable food safety program and world class customer service, have contributed to the Company's long-term growth and relationships with its customers in the United States and abroad. Learn more information about menu solutions and Quantum Foods at www.quantumfoods.com.
About Crystal Financial
Crystal Financial 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. 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. For more information please visit www.crystalfinco.com.
Colin Cross, 312-543-4878
Steven Migliero, Jr., 617-428-8704
Cheryl Carner, 617-428-8718
Andrew Hettinger, 404-885-5757
Stephen Krawchuk, 323-839-5526