Daily News: April 11, 2016

Super G Provides Second Lien Financing for Independent Sponsor

Super G Funding provided second lien acquisition financing for an independent sponsor to enable it to acquire a franchisor of after-school enrichment programs for children ages five to 12.

There was a shortfall between the target’s purchase price and the equity, plus senior debt raised by the acquirer.

Super G structured a non-dilutive solution that was subordinated to the acquirer’s regional bank. The financing allowed for a successful closing within a few weeks.

Super G Funding is an alternative lender with over $100 million in committed capital specializing in residual and cash flow loans.