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, experienced management team, and institutional backer. Most importantly, the Company demonstrated the ability to sufficiently debt service Super G’s amortizing term loan assuming the venture debt and Series B round did not close. Super G structured a flexible 2nd lien solution subordinated to the Company’s senior lender, FastPay, a financial platform that provides credit and payment solutions to the global digital media industry. Super G’s covenant light loan documents and rapid decision making allowed for an efficient and seamless closing. Post-funding, the Company was able to successfully close its venture debt round.
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