Brief: Asure Software Says On Sept 10, Entered Loan, Security Agreement With Structural Capital Investments III LP And Ocean II Plo Llc

Asure Software

16/09/2021 22:36

Sept 16 (Reuters) - Asure Software Inc  ASUR.O :
    * ASURE SOFTWARE - ON SEPT 10, ENTERED LOAN, SECURITY
AGREEMENT
WITH STRUCTURAL CAPITAL INVESTMENTS III, LP AND OCEAN II PLO LLC
    * ASURE SOFTWARE - UNDER TERMS, LENDERS HAVE COMMITTED TO
LEND UP
TO $50 MILLION IN TERM LOAN FINANCING TO SUPPORT GROWTH NEEDS
UNTIL MARCH 31, 2022
    * ASURE SOFTWARE - ENTERED SECURED PROMISSORY NOTE WITH
AGENT
EVIDENCING OBLIGATIONS UNDER FACILITY
    * ASURE SOFTWARE - COMMITMENT LETTER  WITH STRUCTURAL
TERMINATED
UPON ENTERING OF LOAN AGREEMENT
    * ASURE SOFTWARE - TERMINATED THIRD AMENDED, RESTATED CREDIT
AGREEMENT DATED DEC 31, 2019 WITH WELLS FARGO N.A.


Further company coverage:  ASUR.O 

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