Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, recently facilitated the closing of three financing transactions totaling $18 million, including:
- A $10 million recurring revenue facility to a sponsor-backed software provider to non-profit organizations. The company’s incumbent bank had financial covenants that made it challenging for the company to invest, so a new bank facility that was far larger and less restrictive was secured for the company to support its high growth.
- A $6 million equipment finance loan to a hospitality group for the purchase of equipment related to the refurbishment and remodeling for the reopening of an integrated resort hotel and casino that was recently purchased.
- A $2 million bank asset-based line of credit for a fast-growing metals fabricator who was seeking a larger working capital line to support its growth and which its current bank could not support.
_x000D_
_x000D_
_x000D_
