Curated News
By: NewsRamp Editorial Staff
April 22, 2025
Asure Software Secures $60M Credit Facility in Financial Agreement with MidCap Financial
TLDR
- Asure Software secures $60 million credit facility with immediate $20 million funding, positioning for strategic growth in the market.
- Asure Software partners with MidCap Financial for a credit facility up to $60 million, with $20 million accessible now and $40 million until March 31, 2027.
- Asure Software's financial agreement with MidCap Financial enables enhanced services for organizations, supporting streamlined Human Capital Management processes for improved efficiency and client interactions.
- Roth Capital Partners is the exclusive financial advisor for Asure Software's new credit facility of up to $60 million, signaling a significant development in the company's growth strategy.
Impact - Why it Matters
This news matters as it highlights Asure Software's financial growth and strategic planning, showcasing its ability to secure funding for future expansion and development. The company's focus on cloud-based HCM solutions with AI technology demonstrates its commitment to innovation and efficiency in the HR industry.
Summary
Asure Software (NASDAQ: ASUR) has secured a credit facility of up to $60 million through a financial agreement with MidCap Financial, with an immediate $20 million funding and the remaining $40 million available until March 31, 2027. Roth Capital Partners served as the exclusive financial advisor for the offering.
Asure Software Inc. provides cloud-based Human Capital Management software solutions that streamline HCM processes, including HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management. The company's HR compliance services incorporate AI technology for enhanced scalability and efficiency.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Asure Software Secures $60M Credit Facility in Financial Agreement with MidCap Financial
