Macquarie provides senior credit facility to ECi Software Solutions
02 Mar 2014
Macquarie took a $21 million participation in a senior credit facility for ECi Software Solutions, a provider of enterprise resource planning software to small and medium-sized businesses in the office products, office equipment, lumber and building materials/hardware, manufacturing and distribution, and office furniture verticals.
The facility was structured with a $50 million delayed-draw term loan to provide the company with the flexibility to draw on additional capital to continue its acquisition strategy. The facility supported The Carlyle Group's purchase of ECi Software Solutions.
This transaction is the third investment Macquarie has made in the software sector and third financing with The Carlyle Group.