Mitsubishi UFJ Financial Group (MUFG) acted as administrative agent and collateral agent on Sprout Social’s $100 million credit facility. Sprout Social is a provider of social media management software. MUFG acted as administrative agent on the transaction, which provided Sprout Social with funds to help effectuate the acquisition of Tagger Media and for general corporate purposes.
“We are pleased to have partnered with MUFG on this debt financing,” Joe Del Preto, CFO of Sprout Social, said. “The team clearly understood our business needs and executed smoothly on this transaction that will help support Sprout’s continued innovation and growth.”
“MUFG is proud to partner with Sprout Social to support their business development and growth plans,” Bob Blee, head of growth and middle market technology banking at MUFG, said. “As a global financial institution, MUFG is committed to delivering full-service banking capabilities to later stage private and public technology companies. Sprout Social has built an impressive platform to help customers manage their social media footprint and we are excited to build a longstanding partnership.”
