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Super G Provides $1.3MM Bridge Financing to Digital Media Company

February 18, 2016, 07:37 AM
Filed Under: Media

Super G Funding announced it has provided a $1.3MM bridge facility to a fully-integrated digital media company.

The company was in the process of raising venture capital to fund strategic acquisitions and other long-term growth initiatives.  During this process, the company needed additional working capital to fund operations in order to maintain its growth trajectory. Super G was able to quickly get comfortable with the company’s value proposition, experienced management team, and institutional backer.  Most importantly, the company demonstrated the ability to sufficiently debt service Super G’s amortizing term loan assuming the venture debt and Series B round did not close.

Super G structured a flexible second lien solution subordinated to the company’s senior lender, FastPay, a financial platform that provides credit and payment solutions to the global digital media industry.  Super G’s covenant light loan documents and rapid decision making allowed for an efficient and seamless closing.   Post-funding, the company was able to successfully close its venture debt round.

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