Special Situations

Industrial Recycling Service Provider

May
9
2019
The Company: Family-owned industrial recycling company that sells processed and unprocessed materials to domestic and international mills, foundries, and other material processors. Financial Profile: Revenue: $40.0mm The Financing Situation: Management was exploring a sale of the Company and needed additional working capital beyond the availability on their asset-based lending (“ABL”) facility. SG Credit Partners was approached to provide...

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SGCP Provides $2.0 Million for Senior Lender Transition

Nov
1
2018
The Company: Cloud-based media monitoring and intelligence platform with contracted, recurring revenue. Revenue: $15mm | EBITDA: $1.5mm | Equity Raised: $10mm The Financing Situation: The Company had a line of credit as well as a term loan in place with a Bank. Due to lender fatigue and technical default (financial covenant compliance) the Bank wanted to exit the credit. The Solution: Super G was able to get comfortable with the business...

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Super G Provides $3.3 Million Bridge Loan

Jun
27
2018
The Company: Privately owned portfolio of commercial and residential real estate. Total portfolio value: $300 million. The Financing Situation: Successful retail entrepreneur diversified his wealth into real estate. While the Company was in the process of selling several large commercial real estate properties in California for liquidity, there was a working capital need to cover operating costs until the transactions closed. The Solution: Super...

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Super G Provides $1.5 Million Bank Exit Financing for SaaS Company

Mar
13
2018
The Company: Venture-backed SaaS provider for content management and digital publishing. Revenue: $8mm | Equity Raised: $22mm The Financing Situation: The Company was placed in the Bank’s special assets division due to a covenant violation. Although the Company continued to perform, the Bank wanted to exit the credit. Super G was brought in to offboard the client and provide additional working capital. The Solution: Super G was able to...

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Super G Provides $2.0 Million Bridge Loan to Finance Bank Exit

Oct
4
2017
The Company: Private equity backed, outsourced pharmaceutical service provider conducting clinical research. TTM Revenue: $17mm |TTM EBITDA: $1mm The Financing Situation: The Company had a cash flow based term loan with its bank and was in technical default.  Given the combination of lender fatigue, lumpy sales & cash collections due to the timing of contracts, and high monthly payments on the term loan, the Company was seeking immediate...

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Super G, Western Alliance Bank Support Refi of Glowpoint, Inc.

Jul
31
2017
Click here for link to article. Glowpoint, Inc., a managed service provider of video collaboration and network applications, announced that on July 31, 2017, the company completed a recapitalization of its existing debt obligations with support from Western Alliance Bank and Super G. The new financing eliminated $9,362,000 of debt and accrued interest obligations and reduced the Company’s outstanding common stock by 385,517 shares. As...

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Super G Provides $3.5 Million Credit Facility to PE-backed Company

May
19
2017
The Company: Designs, manufactures, and supports NextGen compliant avionics systems that improve the safety, efficiency, and affordability of flying. The Financing Situation: The Company was seeking to refinance its existing senior credit facility and move on to a new lending relationship to better support the strategic initiatives of the Company. The existing credit facility was based on enterprise value and thus required a comprehensive...

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Super G Funding Closes $1.1 million 2nd Lien Loan to Complement Marquette’s Credit Facility to Niche Manufacturer

Dec
23
2015
The Company: A sponsor-backed company which engineers, manufactures, and sources customized user-interface and product identification components for customers in the medical, aerospace, industrial, and consumer industries. The Financing Situation: The Company was in the process of transitioning from its commercial bank lender to an asset based lender, Marquette Business Credit, and Super G helped complete the financing structure. The...

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

Nov
27
2015
The Company: A fully-integrated digital media content company. The Financing Situation:  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. The Solution:  Super G was able to quickly get comfortable with the Company’s value proposition,...

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California loans are made pursuant to SG Credit Partners, Inc.'s California Department of Corporations Finance Lender License No. 60DBO-87290. Credit approval is subject to SG Credit Partners, Inc.'s credit standards, and actual terms (including actual loan amount) may vary by applicant. SG Credit Partners, Inc. requires certain supporting documentation with each new application. Complete disclosures of APR, fees, and payment terms are provided with each loan and are available from SG Credit Partners, Inc. at 23 Corporate Plaza, Suite 100, Newport Beach CA 92660, telephone 1-800-631-2423.