Super G Provides $1.5 Million Bank Exit Financing for SaaS Company
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...
Super G Provides $2.0 Million Bridge Loan to Finance Bank Exit
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...
Super G, Western Alliance Bank Support Refi of Glowpoint, Inc.
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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...
Super G Provides $3.5 Million Credit Facility to PE-backed Company
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...
Super G Provides $2.5mm Non-Dilutive Bridge Facility to VC-backed Company
The Company: Venture backed, subscription e-commerce brand.
The Financing Situation: The Company is in growth mode, rolling out direct-to-consumer brands in addition to its subscription e-commerce business, and was seeking a non-dilutive solution as a bridge to a strategic sale or next equity round. The Company‘s management team wanted excess working capital cushion to remain focused on growth initiatives and maintain compliance with...
Super G Funding Closes $1.1 million 2nd Lien Loan to Complement Marquette’s Credit Facility to Niche Manufacturer
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...
Super G Provides $1.3 Million Bridge Financing to Digital Media Company
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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