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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
ESW Capital Closes $10MM Credit Facility with Qumu
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Lenders/Participants
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ESW Capital, LLC [Lender]
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Structure
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Term Loan
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Amount
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$10.000
Million
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Borrower(s)
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Qumu Corporation
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Description
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The new agreement replaces the Company's existing $8.0 million term loan credit agreement with Hale Capital Partners, LP, the outstanding balance of which was paid with proceeds from the new term loan. The credit agreement provides a $10 million term loan drawn at close, with principal due on January 10, 2020 and PIK interest set at prime plus 4.0% compounding monthly. The Company intends to use the funds remaining after repayment of the prior term loan to fund general corporate purposes. Transaction details not disclosed.
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Industry
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Media
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ABL Advisor
Deal Tables
2024
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