Super G worked in conjunction with Prestige Capital to provide a $1.15 million subordinated term loan to a telecom services provider.
The company sought subordinated debt to help finance the acquisition of a telecom staffing company that would expand its geographic footprint and service offerings. Given its consolidated EBITDA profile of less than $5 million, traditional mezzanine debt was not an option, and the company preferred a non-dilutive subordinated debt option that could close quickly.
Super G was comfortable with the acquisition synergies, the company’s management team and the industry momentum. It provided the second lien financing to support the acquisition, while Prestige provided A/R financing.
