---
schema_version: "secwatch.filing_event.v1"
accession: "0000884144-21-000013"
form_type: "8-K"
ticker: "ASUR"
cik: "0000884144"
company_name: "ASURE SOFTWARE INC"
filed_at: "2021-09-16T23:59:59+00:00"
generated_at: "2026-06-29T03:21:56.686042+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Asure Software enters $50M term loan facility, borrows initial $30M

## Summary
- Loan & Security Agreement with Structural Capital for up to $50M; $30M drawn at closing on Sept 10, 2021.
- Interest rate = greater of 9.0% or Prime +5.75%, plus PIK interest of 1.00%-1.25% based on ARR ratio.
- Interest-only payments through Oct 1, 2023 (extendable to Oct 1, 2024 if $8M EBITDA or $90M ARR achieved).
- Proceeds used to repay ~$9.925M Wells Fargo facility, with remainder for growth and acquisitions.
- Maturity Oct 1, 2025; financial covenants apply only if net cash position < $0.

## SEC filing metadata
- accession: 0000884144-21-000013
- form_type: 8-K
- ticker: ASUR
- cik: 0000884144
- company_name: ASURE SOFTWARE INC
- filed_at: 2021-09-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884144/000088414421000013/0000884144-21-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884144/000088414421000013/asur-20210910.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884144-21-000013
- JSON: https://secwatch.observer/filing/0000884144-21-000013.json
- Plain text: https://secwatch.observer/filing/0000884144-21-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.