GlobalSCAPE, Inc. | Stephens

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Financial Advisor

GlobalSCAPE, Inc.

$55 Million 11/18/2019 Technology, Media & Telecom Complete
Public Companies
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Transaction Details

  • On November 18, 2019, GlobalSCAPE, Inc. (NYSE American: GSB) (the “Company”), a worldwide leader in the secure movement and integration of data, announced it has entered into a five-year, $55 million senior secured credit facility with a syndicate of banks led by J.P. Morgan
  • The new credit facility provides for a term loan facility in the principal amount of $50 million and revolving commitments in an aggregate principal amount of $5 million
  • The Company also announced that its board of directors has authorized and declared a special cash dividend of $3.35 on each outstanding share of common stock and unvested restricted common stock. The record date for the special dividend is November 29, 2019, and the payment date for the dividend is December 5, 2019

About the company

“We are pleased to report the establishment of a $55 million credit facility with J.P. Morgan and East West Bank as well as the authorization of a special shareholder dividend,” said Robert Alpert, Chairman of the Company’s Board of Directors and Interim CEO. “I believe the new credit facility is a reflection of the Company’s strong operating model and ability to generate significant free cash flow.”

GlobalSCAPE, Inc. (NYSE American: GSB) is a pioneer in securing and automating the movement and integration of data seamlessly in, around and outside of your business, between applications, people and places, in and out of the cloud. GlobalSCAPE provides cloud services that automate your work, secure your data, and integrate your applications – while giving visibility to those who need it. GlobalSCAPE makes business flow brilliantly. Visit

Source: Company Press Release.
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