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Monroe Credit Advisors Places $18,000,000 Senior Secured Credit Facility for Asure Software, Inc.

Monroe Credit Advisors announced today that it placed an $18 million senior secured credit facility for its client, Asure Software, Inc. (Nasdaq: ASUR), a leading provider of workplace management software solutions. Proceeds of the facility refinanced the existing debt of the company. The facility included a $15 million term loan, $3 million revolver and an additional uncommitted $10 million term loan facility for future acquisitions.

Brent Krambeck, Managing Director and Partner of Monroe Credit Advisors, said, “We appreciate the opportunity to have worked with the Asure team again and we are pleased that we delivered another successful solution that met management’s objectives. For this transaction, we structured and arranged a financing that lowered the company’s overall cost of capital and provided capacity for growth. The company is positioned well with a great lending partner to achieve its short and long term goals.”

Asure Software, Inc. offers cloud-based time and labor management and workspace management solutions that enable businesses to control their biggest costs -- labor, real estate and technology -- and prepare for the workforce of the future in a highly mobile, geographically disparate and technically wired work environment. Asure serves approximately 5,000 clients worldwide.

Pat Goepel, Asure’s CEO, said, “We appreciate Monroe Credit Advisors and the guidance they provided in the process of refinancing our debt. This is the second time Asure has engaged Monroe Credit to help manage our debt placement process and they continue to deliver outstanding results for us. Our new facility provides a lower overall cost of capital as well as greater financial flexibility to help us achieve our growth objectives.”

The debt advisory firm continues to execute engagements with independent companies that are seeking a debt solution that requires relationships beyond the local bank market, particularly for non-sponsored cash flow transactions. Krambeck adds, “The Asure transaction is another excellent example of how our team can bring debt market expertise to a particular financing opportunity to help a company achieve its financing goals. We are very pleased that our clients use us as an added resource to their team.”

About Monroe Credit Advisors LLC

Monroe Credit Advisors, the investment banking affiliate of middle market lender, Monroe Capital, provides debt capital solutions to middle market companies and their investors through strategies built for today's dynamic credit markets. The firm advises on structuring and arranging credit through its relationships with a broad spectrum of debt providers including banks, commercial finance companies, debt investment funds and leasing companies. The firm’s experienced team of leveraged finance professionals approaches the market with a lender's perspective, delivering to its clients real time market intelligence and structuring expertise that results in significant savings of time and money, as well as increased certainty of execution. To learn more about Monroe Credit Advisors, visit www.monroecredit.com.

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