Recent News FirstCity Crestone Shares the Turnaround Management Association's Transaction of the Year Award FirstCity Crestone Recapitalizes Cabinet Manufacturer FirstCity Crestone Acquires Short-Line Railroad |
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| News Release
FirstCity Crestone Acquires $45,000,000 Senior Loan November 11, 2009 - FirstCity Crestone recently purchased an underperforming loan with an unpaid principal balance of over $45,000,000. The loan is secured by the assets of a leading provider of mission critical solutions for the over-the-air and Internet radio. The company’s products include program generation, audio and data management, inter-facility transport, and analog and digital transmission. Crestone hopes to work with the company’s management team and to successfully restructure the balance sheet and to invest in the continued growth of the business.
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