Mitsubishi UFJ Monetary Group (MUFG) acted as Administrative Agent and Collateral Agent on Sprout Social, Inc.’s new $100 million credit score facility. Sprout Social is an industry-leading supplier of social media administration software program. MUFG acted as Administrative Agent on the transaction, which offered Sprout Social with funds to assist effectuate the not too long ago introduced acquisition of Tagger Media and for basic company functions.
“We’re happy to have partnered with MUFG on this debt financing,” mentioned Joe Del Preto, Chief Monetary Officer, Sprout Social. “The staff clearly understood our enterprise wants and executed easily on this transaction that may assist assist Sprout’s continued innovation and development.”
“MUFG is proud to companion with Sprout Social to assist their enterprise growth and development plans,” mentioned Bob Blee, Head of Development and Center Market Expertise Banking at MUFG. “As a worldwide monetary establishment, MUFG is dedicated to delivering full-service banking capabilities to later stage personal and public expertise corporations. Sprout Social has constructed a powerful platform to assist clients handle their social media footprint and we’re excited to construct a longstanding partnership.”