FAQ: Asure Software Inc. Secures $60M Credit Facility

What is the main purpose of Asure Software Inc.’s $60 million credit facility?

The credit facility is designed to provide Asure Software Inc. with financial resources to support its operations and growth, particularly in enhancing its cloud-based Human Capital Management (HCM) software solutions.

Who provided the credit facility to Asure Software Inc.?

MidCap Financial established the credit facility with Asure Software Inc., with Roth Capital Partners acting as the exclusive financial advisor for the offering.

How much of the $60 million credit facility is immediately available to Asure Software Inc.?

Asure Software Inc. has immediate access to $20 million from the credit facility, with the remaining $40 million available until March 31, 2027.

What services does Asure Software Inc. offer?

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

Where can I find more information about Asure Software Inc.?

More information about Asure Software Inc. can be found on their official website at www.AsureSoftware.com.

What is the significance of this credit facility for Asure Software Inc.?

This credit facility significantly enhances Asure Software Inc.’s financial flexibility, enabling it to further develop and expand its HCM software solutions and services.

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

The remaining $40 million of the credit facility is available until March 31, 2027.

Who acted as the exclusive financial advisor for Asure Software Inc.’s credit facility?

Roth Capital Partners acted as the exclusive financial advisor for Asure Software Inc.’s credit facility offering.

What technology does Asure Software Inc. incorporate into its services?

Asure Software Inc. incorporates AI technology into its HR compliance services to enhance scalability, efficiency, and prioritize client interactions.