Asure Software prepays loan with Structural Capital Investments

Chicago, Sept. 13 – Asure Software, Inc. repaid and terminated a loan and security agreement from Sept. 10, 2021 with Structural Capital Investments III, LP, according to a press release.

Ocean II PLO LLC was the administrative agent and collateral agent for the lenders.

Asure had a promissory note with Ocean evidencing obligations under the loan agreement.

The payoff amount was approximately $30.9 million, representing in full the outstanding obligations under the loan agreement and the note.

The payoff amount was comprised of $30.6 million in outstanding principal and interest and $300,000 as prepayment fees and expenses.

Funding for the loan repayment came from a recent $43 million equity raise.

Asure Software is an Austin, Tex.-based provider of cloud-based workforce management solutions.

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