Asure Software Secures $60M Credit Facility with MidCap Financial
Asure Software Secures $60M Credit Facility with MidCap Financial
Key Takeaways (TLDR)
Asure Software secures $60 million credit facility, gaining immediate $20 million funding for growth.
Asure Software partners with MidCap Financial for financial agreement providing $60 million credit facility until March 31, 2027.
Asure Software's financial agreement supports growth, enhances scalability, and prioritizes client interactions, contributing to streamlined HR processes.
Asure Software's entry into $60 million credit facility with MidCap Financial showcases strategic financial planning and growth opportunities in the software industry.
Why it Matters
This news matters as it highlights Asure Software's financial growth and strategic partnership with MidCap Financial. The credit facility will provide Asure Software with the necessary funding to further develop its cloud-based HCM solutions, enhancing its position in the market.
Summary
Asure Software (NASDAQ: ASUR) secures a $60 million credit facility with MidCap Financial, receiving an immediate $20 million. Roth Capital Partners served as financial advisor for the offering. The company specializes in cloud-based Human Capital Management solutions.
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