FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

SG Credit Partners Provides $1.5MM Refi for SaaS Company

December 05, 2019, 08:50 AM
Filed Under: Publishing

SG Credit Partners closed a $1.5 Million refinancing for a venture-backed SaaS platform for digital publishing. 

The Company’s existing debt facility was maturing and the incumbent lender was unwilling to extend due to lender fatigue and other circumstances. SG was brought in alongside an equity contribution to refinance the debt and provide additional working capital.

SG was able to quickly get comfortable with the business due to the contracted recurring revenue, continued equity support, and opening liquidity. SG provided a $1.5MM non-formula, structured senior secured loan. The incumbent lender successfully exited the credit as desired and the Company received additional working capital. SG closed this transaction within two weeks.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.