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January 11, 2017

Super G Provides Airball Financing

Airball” defined – the portion of a loan that exceeds the amount supported by the underlying collateral and is dependent on support from the company’s cash flow or enterprise value. This is also referred to as a “financing gap.”

Super G fills a void in the credit market by providing $500k – $5mm second lien cash flow term loans to finance the airball.

We Help Senior Lenders:

  • Our prodcut is complementary in nature to the senior lender as we are the subordinated capital
  • Onboard new clients if there is a shortfall in the borrowing base
  • Retain existing clients if there is a situational working capital or growth capital need

We Help Borrowers:

  • Transition from banks to ABLs
  • Finance situational working capital needs (ex. seasonality, upfront project costs, past due payable, etc.)
  • Grow with non-dilutive capital
  • Finance accretive acquisitions

Borrower Profile:

  • Revenue: $5mm – $100mm
  • Cash flow to support amortization
  • Private or Public
  • Industry Agnostic
  • Geography: United States

How We Structure:

  • Structure: Term Loan
  • Loan Size: $500,000 – $5,000,000
  • Term: 6 – 36 months
  • Amortization: full-amortization required
  • Staggered amortization can be provided based on cash flow
  • Minimal covenants
  • Security: Second lien on all assets behind senior lender