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Great Rock Capital Closes CAN$10MM Senior Secured Revolving Credit Facility with Smart Employee Benefits

December 16, 2020, 08:00 AM
Filed Under: Technology

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the completion of a CAN$10 million senior secured revolving credit facility with Smart Employee Benefits, Inc. ("SEB"), a Canadian-based technology company that builds, customizes, implements, integrates, and manages data-processing solutions.

The additional working capital will support the ongoing growth of SEB and refinance their existing liquidity facility. Canaccord Genuity Corp. acted as financial advisor to SEB.

"This capital will allow us to unlock our rapid growth potential while positioning the company for continued success," said John McKimm , President, CEO and CIO of Smart Employee Benefits. "We look forward to working with Great Rock Capital as we execute on our strategic expansion plans."

"Smart Employee Benefits is led by an innovative and devoted management team that created an industry-leading global platform," said Stuart Armstrong , CEO of Great Rock Capital. "Great Rock is pleased to provide additional liquidity as SEB's financial partner to support the continued acceleration of their growth trajectory."

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