# Asure Software Secures $115 Million Credit Facility Led by MUFG

- URL: https://stocks.freetheai.org/news/asure-software-secures-115-million-credit-facility-led-by-mufg-d5493b
- Published: 2026-10-16T20:23:01Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:ASUR](https://stocks.freetheai.org/symbols/NASDAQ-ASUR)
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Asure Software, Inc. (ASUR) has secured a new $115 million senior credit facility led by MUFG Bank as administrative agent. The financing package consists of an $85.0 million term loan drawn at closing, a $10.0 million revolving credit facility available through 2031, and a $20.0 million delayed-draw term loan available through 2028. Shares of Asure Software dropped 3.41% to $7.08 in recent trading.

The company used a portion of the loan to exit its existing credit agreement with MidCap Financial, making a $62.6 million payoff that included $2.4 million in early termination and prepayment fees. The initial interest rate on the new term loan was set at 7.04249%. Asure Software secured the facility to refinance debt obligations and support permitted corporate acquisitions, including SEUS assets, while extending its debt structure through October 15, 2031.

Going forward, observers will watch how Asure Software deploys its $20.0 million delayed-draw term loan for upcoming acquisition activity and capital deployment. Stakeholders will also monitor how the updated borrowing cost affects the company's financial results over the lifetime of the five-year agreement.

## Key points

- Asure Software secured a $115 million credit facility led by MUFG Bank with an initial term loan rate of 7.04249%.
- The facility includes an $85 million term loan, a $10 million revolver through 2031, and a $20 million delayed-draw loan through 2028.
- The agreement replaced a MidCap facility following a $62.6 million payoff that included $2.4 million in termination fees.
- Proceeds will refinance existing corporate debt and fund permitted acquisitions, such as SEUS assets.

## Questions and answers

### What are the terms of Asure Software's new credit facility?

Asure Software secured a $115 million credit facility led by MUFG Bank, including an $85 million term loan, a $10 million revolver, and a $20 million delayed-draw term loan expiring in October 2031.

### Why did Asure Software enter into the new credit agreement?

Asure Software entered the facility to refinance existing debt—including paying off a $62.6 million MidCap agreement—and to fund future permitted acquisitions such as SEUS assets.

### How much did Asure Software pay to terminate its previous credit line?

Asure Software paid a total of $62.6 million to exit its agreement with MidCap Financial, which included $2.4 million in early termination and prepayment fees.