SG Credit Profile: SaaS

The Target

Corporate travel and entertainment software, data integration, and business intelligence (BI) provider for large enterprises and travel management companies.

The Buyer

Enterprise software operating company backed by private equity.

The Financing Situation

The Buyer was seeking a debt facility to supplement the equity contribution made to purchase the Target.

The Solution

SG structured a $4 million term loan to support the closing of the acquisition. SG was able to get comfortable based on the Company’s recurring revenue, strong SaaS metrics, experienced management team, and the strength of the Buyer.