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SG Credit Provides $4.0MM SaaS Acquisition Facility

September 15, 2021, 07:45 AM
Filed Under: Technology

SG Credit provided a $4.0 million SaaS acquisition facility to a corporate travel and entertainment software, data integration, and business intelligence (BI) provider for large enterprises and travel management companies.

The buyer was an enterprise software operating company backed by private equity.

The buyer was seeking a debt facility to supplement the equity contribution made to purchase the Target.

SG structured a $4 million term loan to support the closing of the acquisition. SG was able to get comfortable based on the company’s recurring revenue, strong SaaS metrics, experienced management team, and the strength of the buyer.

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