Crystal Financial LLC Closes Senior Credit Facility with Standard Diversified Opportunities Inc.

Choate recently advised Crystal Financial LLC in a Senior Credit Facility with Standard Diversified Opportunities Inc. (SDOI) and four of its subsidiaries. SDOI is a publicly-traded holding company which invests directly in middle-market operating businesses in a variety of industries such as outdoor advertising, insurance and consumer products. The proceeds from the financing will be used to make additional strategic acquisitions of operating businesses.