Testimonial

“SafeGuard World International is leading the market in the field of global payroll; however, we want to continue to invest in the global payroll cloud to further enhance our users experience. Monroe Credit Advisors performed brilliantly helping us secure a lending partner that will be key to executing our growth plans. They created a number of financing options for us to consider and were a great outsourced solution for our organization.” – Bjorn Reynolds, CEO, SafeGuard

SafeGuard World International

Assignment

SafeGuard World International engaged Monroe Credit Advisors to structure and arrange a new credit facility that would refinance existing debt and provide capacity for growth. Monroe has previously worked with SafeGuard to raise a credit facility in 2014. SafeGuard is a leading international provider of global payroll, employment outsourcing and human resource management that has been achieving rapid growth and market penetration winning contracts with medium and large-sized multinational clients. Monroe Credit was tasked with finding a lender that could lend to a complex legal corporate structure with US and UK operations, including a UK parent holdco structure.

Execution

Monroe Credit worked with the management team to structure a compelling transaction that would be attractive to the market and help the Company achieve its short and long term objectives. Monroe ramped up its execution process, prepared materials for a market driven process and quickly identified a number of lending institutions that could provide the facility. Although there was interest from a number of firms, Monroe introduced the management team to a particular US based private debt fund that was familiar with the industry, clearly understood the Company's credit attributes and quickly sought exclusivity to close on the transaction. Monroe worked with the management team to negotiate attractive terms and lead the transaction towards a successful closing.