SLR Business Credit provided a $30 million working capital facility to a digital publishing company that has scaled organically and expanded by acquiring print magazines and digital websites to extend their reach to over 150 million monthly readers.

The Company was experiencing rapid growth and wanted to secure a non-dilutive credit facility to refinance their incumbent lender for more flexibility and availability, help finance working capital, and to reinvest in recently acquired properties.

SLR-BC/FastPay was able to help the Company achieve their goal. The Company's quality Accounts Receivable debtors, projected growth supported by a strong pipeline and blue-chip equity holders was the reason we were able to meet their request. SLR-BC/FastPay closed the transaction within 6 weeks of a signed term sheet.