Monroe Credit Advisors placed a $25 million senior secured credit facility for SafeGuard World International. SafeGuard is an international provider of global payroll, employment outsourcing and human resources services. Proceeds of the facility were used to refinance existing debt and provide capital for growth.
Brent Krambeck, co-managing partner of Monroe Credit Advisors, said, “We have worked with the Safeguard management team for the last couple of years and helped them raise a growth debt capital facility in 2014. For this particular raise, we were seeking a domestic lender that could not only help the company fund its continuing growth objectives, but also had the capacity to fund this fast growing business through its foreseeable future. We are pleased that we were able to deliver another successful solution for this impressive team.”
SafeGuard’s products enable Fortune 500 and other mid-market multinationals to manage their global payroll requirements under a single platform. The company’s solutions are cloud based and provide for a secure, accurate and compliant way to process payrolls for employees working in over 160 different countries around the world.
Bjorn Reynolds, SafeGuard’s CEO, said, “Monroe Credit Advisors is our valued debt advisor and once again successfully raised the debt capital necessary for our next stage of growth.”
Monroe Credit Advisors continues to execute engagements with middle market companies seeking a debt solution with lenders beyond the local market, particularly for non-sponsored cash flow transactions.