Crystal View Capital Fund IV Secures $50M Line of Credit
Category
Fund IV Updates
Date
07/10/2024
Crystal View Capital Fund IV has successfully closed on a new $50 million revolving line of credit as of July 2, 2024. The interest on draws from this facility will be determined by SOFR plus a margin of 2.75% to 3.00%, depending on leverage and debt service coverage ratios. This facility matures in July 2026, with an option to extend for one additional year.
This new credit line is a testament to our robust growth trajectory and improved operating results, showcasing our ability to secure attractive debt even in challenging times. It provides us with a reliable source of capital to support our growth and effectively manage the Fund's capital and liquidity.
To get more insights, watch a snippet from our latest webinar discussing this achievement and our strategies moving forward.
For additional questions regarding Fund IV, please reach out to our investor relations team or visit www.crystalviewcapital.com/fund-iv
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