Financial Advisor
Corcentric, Inc.
Debt Capital Markets
ABL Revolver and Split-Lien Term Loan
Transaction Details
- On November 15, 2018, Corcentric, Inc. (“Corcentric”) secured a new $200 million Senior Secured
- Credit Facility due 2023, which consisted of two tranches:
- $150 million Senior Secured ABL Revolver
- $50 million Term Loan
- Proceeds from the offering will be used to:
- Refinance existing debt
- Fund future organic growth and acquisitions
- Other general corporate purposes
- Stephens Inc. served as exclusive financial advisor to Corcentric
About the company
Corcentric, Inc.
Corcentric is a leading provider of procurement and finance solutions that transform how companies purchase, pay, and get paid. Corcentric’s procurement accounts payable and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability. Since 1996, more than 6,000 customers from the middle market to the Fortune 1000 have used Corcentric to reduce costs and improve working capital. Learn more at corcentric.com, or follow Corcentric on LinkedIn at www.linkedin.com/company/corcentric.
Source: Company website and press release
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