Super G Provides Second Lien Acquisition Financing for Telecom Services Provider
Publicly held (OTC) provider of telecom & engineering services and solutions.
Financial Profile (Consolidated): Revenue: $32mm | EBITDA: $2.7mm
The Financing Situation:
The Company was seeking subordinated debt to help finance the acquisition of a telecom staffing company that would expand its geographic footprint and service offerings. Given the consolidated EBITDA profile (<$5mm) of the business, traditional mezzanine debt was not an option and the Company preferred a non-dilutive subordinated debt option that could close quickly.
Super G was able to quickly get comfortable with the acquisition synergies, the Company’s management team, and favorable industry momentum to approve a $1.15mm subordinated term loan that would fill the purchase price funding gap. Super G worked in partnership with Prestige Capital Corporation, who provided AR financing, to close the accretive acquisition.