Asure Software announced it has terminated its Loan and Security Agreement dated September 10, 2021, with Structural Capital Investments III, and Ocean II PLO LLC, as administrative and collateral agent for the Lenders, and secured promissory note with Agent evidencing obligations under the Loan Agreement. “This paydown substantially enhances Asure’s cash flow, is accretive to earnings and creates financial flexibility as we execute our strategy to deliver double-digit organic revenue growth, expand operating margins and invest in people, technology and assets to drive future success”, said Pat Goepel, Chairman and CEO of Asure Software.
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