Financial Advisor to Intersections, Inc. on its Term Loan Financing
LSH Partners’ professionals, while employed at Loeb Partners Corporation, served as financial advisor to Intersections, Inc. (NASDAQ: INTX) on its $20 million term loan financing with Crystal Financial LLC (“Crystal”). The Company will use up to a maximum of $15 million of the proceeds from the term loan in connection with the market launch of the Company’s pet health monitoring solution, the Voyce Pro Wellness Monitoring Program™, with the remaining portion to be used for general corporate purposes of the Company’s Identity Guard® and other businesses.1
Intersections Inc., headquartered in Chantilly, Virginia and founded in 1996, provides innovative, information-based solutions that help consumers manage risks and make better informed life decisions. Under its Identity Guard brand and other brands, the company helps consumers monitor, manage and protect against the risks associated with their identities and personal information. The company’s subsidiary Intersections Insurance Services provides insurance and other services that help consumers manage risks and achieve personal goals. The company’s i4C Innovations subsidiary provides Voyce, a groundbreaking pet wellness monitoring system for pet owners and veterinarians.
1Per Chrystal Financial LLC Press Release, http://crystalfinco.com/news-and-events/archive/2016/crystal-financial-provides-20-million-debt-financing-to-intersec/.