Fast Pay Partners, A Wholly Owned Subsidiary of SLR Business Credit, Provides $30MM Working Capital Facility to Premier Digital Publisher
The Company: A digital publishing company that has scaled organically and expanded by acquiring print magazines and digital websites to extend their reach to over 150 million monthly readers.
The Financing Situation: The Company was experiencing rapid growth and wanted to secure a non-dilutive credit facility to refinance their incumbent lender for more flexibility and availability, help finance working capital, and to reinvest in recently acquired properties.
The Solution: SLR-BC/FastPay was able to help the Company achieve their goal. The Company’s quality Accounts Receivable debtors, projected growth supported by a strong pipeline and blue-chip equity holders was the reason we were able to meet their request. SLR-BC/FastPay closed the transaction within 6 weeks of a signed term sheet.