BOSTON–(BUSINESS WIRE)–Crystal Financial LLC in partnership with affiliates of Solar Capital
Partners, LLC (“SCP”) announced the closing of a C$97.5 million Senior
Credit Facility for Ashley Park Operations Corp. (“APOC” or “Company”)
one of the leading mortgage origination and servicing platforms in the
Canadian residential real estate market.
Proceeds from the transaction will be used to refinance existing debt
and provide a return of capital to existing shareholders.
“We take tremendous pride in delivering products and services to
customers throughout Canada and their lenders to support home ownership.
The Crystal Financial-SCP team has the same focus and dedication to
streamlined execution and delivering excellence as we do for our
clients. We have enjoyed working with them and look forward to a
mutually beneficial partnership,” said Kathy Gregory, Founding President
and CEO of Ashley Park Operations Corp.
Rebecca Tarby, Managing Director of Crystal Financial added, “Kathy and
her team have built a leading and highly regarded mortgage origination
and servicing platform. We are excited to be working with the Company
and look forward to supporting their continued growth.”
About Crystal Financial LLC
Crystal Financial LLC, a portfolio company of Solar Capital Ltd. is a
leading provider of direct private credit focused on originating,
underwriting and managing both asset-based and cash flow financings to
middle-market companies. Since inception in 2006, its team of
experienced, responsive professionals have provided more than $4 billion
in secured debt commitments across a wide range of industries. For more
information please visit www.crystalfinco.com.
About Solar Capital Partners, LLC.
Solar Capital Partners, LLC. (SCP) is a private credit asset manager
with direct sourcing and structuring expertise across a range of senior
secured cash flow and asset-based lending solutions to middle market
companies primarily in the United States. Since its founding in 2006 and
through its diversified commercial finance platforms, SCP has invested
approximately $9.5 billion in over 650 companies. SCP currently manages
approximately $6.0 billion of investible capital in private debt
portfolios through private credit funds, separately managed accounts and
publicly-traded, closed-end registered investment funds.
About APOC
APOC, through its operating subsidiary, is a leading Canadian mortgage
underwriting and servicing business process outsourcing company.
Operating with proprietary, end-to-end, state-of-the-art technology and
with extensive knowledge of the Canadian mortgage market, it offers a
customizable business process management solution for multiple banks and
other mortgage lenders. APOC has offices in Toronto, Vancouver, and
Montreal and is a ranked mortgage servicer by Standard & Poor’s,
partnering with over 14 different mortgage brands in the marketplace.
For more information, please visit merixfinancial.com.
Contacts
CRYSTAL FINANCIAL LLC CONTACT
Cheryl Carner, Senior Managing
Director
617-428-8718
[email protected]
ASHLEY PARK OPERATIONS CORPORATION CONTACT
Donald Zuill,
Chief Financial Officer
416 866 8606
[email protected]
