PNC Bank Canada Branch completed a CA$17.1 million ($13 million) financing package for financial customer management SaaS provider Doxim Solutions.

The PNC financing included a CA$1.9 million ($1.45 million) senior secured revolver with a CA$15.2 million ($11.6 million) senior secured term loan. The company will use the funds to refinance existing debt and for ongoing working capital.

Doxim, based in Markham, ON, is a portfolio company of Strattam Capital, a private equity firm with offices in San Francisco and Austin, TX.