Process Pathways is an enterprise software developer specializing in delivering Enterprise Resource Planning (ERP) solutions to the scientific research community.
Even though the client had grown to become the Canadian market leader in their space, software assets are challenging security to be used to support traditional financing facilities. Although rapid expansion plans and a shareholder reorganization were on the horizon, the client’s shareholders wanted to reduce equity dilution as part of the recapitalization.
Omega solved the client’s needs by leveraging the annuity characteristics of its subscription base to facilitate placement of a subordinated term loan. Sub-debt financing levels are typically based on historical cash flow, instead of projected cash flows, so available financing is typically at lower rates and advance levels than equity options.
Learn more about Process Pathways at www.processpathways.com