- Great Rock Capital Provides $33MM of Liquidity to Sponsor-Owned Pharma Company
- Ares Commercial Finance Served as Lead and Agent for the Financing of a $210 Million Senior Secured Cross-Border Revolving Line of Credit to MicroStar Logistics
- MidFirst Business Credit Announces New Lending Relationship with LDC Stone, Inc.
- J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
- Zevra Therapeutics Refinances Existing Debt with up to $100M in Committed Capital under New Credit Facility
SG Credit Partners Provides $6.5 Million to SaaS Company
October 15, 2019
Source: SG Credit Partners
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The Company: Venture-backed, cloud-based software platform primarily targeting outbound sales organizations. The Financing Situation: The Company experienced significant year-over-year growth but the Company’s existing credit facility was maturing and the incumbent lender did not want to extend its maturity date. Additionally, the Company was seeking non-dilutive growth capital to execute on its sales pipeline and increaseARR to improve its valuation prior to raising additional equity. The Solution: SGCP was able to quickly get comfortable given the Company's rapid growth, contracted recurring revenue, enterprise customer base and strong management team to provide a $6.5 million senior secured credit facility with a customized structure and repayment schedule. This transaction highlights SGCP’s ability to write larger checks as a result of its recent capital raise as well as our ability to provide a one-stop solution.
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