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Concord Secures $13MM in Credit Facilities for Quadrant 4 System Corp.

December 05, 2014, 07:32 AM
Filed Under: Technology

Concord Financial Advisors announced the closing of $13 million of senior secured credit facilities for Quadrant 4 System Corp in Rolling Meadows, IL. The company is a SMAC (Social, Mobile, Analytics and Cloud) technology company offering state-of-the-art PaaS (Platform as a Service) and SaaS (Software as a Service) solutions in Healthcare, Media and Retail.  
The company was seeking to refinance its existing working capital factoring lender, $3 million of mezzanine financing and secure incremental capital for growth.  The company retained Concord  to run the refinancing process and secure a new senior lender that can grow with the company.

"Concord's relationships in the senior credit markets were instrumental in securing a new credit facility.  They guided us through the entire process and proved invaluable to our team.  We are extremely happy with the new senior facility, and look forward to growing our business in partnership with the Midcap Financial, LLC team," said Dhru Desai , the company's chairman.

Concord quickly understood the story of the credit and presented the opportunity to a variety of asset-based lenders across the U.S.  Critical to the transaction was refinancing the existing mezzanine financing.

Concord secured a market based asset-based credit facility from MidCap Financial, LLC that included a $3 million senior term loan.  The new facility greatly improves the company's cost of capital and provides ample availability to accommodate the company's growth projections. 

Concord Financial Advisors is a financial intermediary specializing in private placements of senior debt and subordinated debt/mezzanine financing for middle-market companies.

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