FAQ on Asure Software Inc.'s $60M Credit Facility and Its Implications

What is the main purpose of Asure Software’s $60M credit facility?

The main purpose is to provide Asure Software with financial flexibility to support its operations and growth initiatives, including enhancing its cloud-based Human Capital Management (HCM) software solutions.

Who provided the credit facility to Asure Software?

MidCap Financial provided the credit facility, with Roth Capital Partners acting as the exclusive financial advisor for the offering.

How much of the $60M credit facility is immediately available to Asure Software?

$20 million is immediately available, with the remaining $40 million accessible until March 31, 2027.

What does Asure Software specialize in?

Asure Software specializes in cloud-based Human Capital Management (HCM) software solutions, including HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management.

Where can I find more information about Asure Software’s credit facility?

More information can be found at https://ibn.fm/UnZvn and on Asure Software’s website at www.AsureSoftware.com.

Why is this credit facility significant for Asure Software?

This credit facility is significant as it provides Asure Software with the necessary capital to continue developing and expanding its HCM solutions, ensuring scalability and efficiency in HR compliance services.

When does the remaining $40M of the credit facility become available?

The remaining $40 million is available until March 31, 2027.

What role did Roth Capital Partners play in this agreement?

Roth Capital Partners acted as the exclusive financial advisor for the credit facility offering.

How does Asure Software incorporate AI technology into its services?

Asure Software incorporates AI technology to enhance the scalability and efficiency of its HR compliance services, prioritizing client interactions.