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SG Credit Provides $4.5MM SaaS Acquisition Facility

Date: Mar 02, 2022 @ 06:10 AM
Filed Under: Technology

The Company: A bootstrapped communications SaaS platform catering to the insurance industry.
 
The Financing Situation: An entrepreneur with extensive insurance industry experience had an executed LOI to acquire the Company. The sellers wanted a quick exit process so provided a four (4) week timeframe to consummate the transaction. The acquisition was structured with a combination of equity and SG debt.
 
The Solution: SG was supportive of the transaction given the Company’s diverse ARR base, mission critical product, profitability, and the contemporaneous equity contribution. SG structured a $4.5MM senior secured debt facility providing interest-only flexibility to support the Company’s planned ARR growth initiatives. SG was able to move quickly to meet the tight closing timeframe and the acquisition was completed as planned.

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