---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-116616"
form_type: "8-K"
ticker: "ASUR"
cik: "0000884144"
company_name: "ASURE SOFTWARE INC"
filed_at: "2026-10-16T20:15:27+00:00"
generated_at: "2026-10-16T20:16:12.912962+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Asure Software closes $115M MUFG credit facility and acquires SEUS payroll assets for $26.5M

## Summary
- Entered $115M senior credit facility with MUFG: $85M term loan drawn at closing, $10M revolver, $20M delayed-draw term loan; initial rate 7.04249% (Term SOFR + 3.00%).
- Term loan amortizes quarterly from April 1, 2027: 2.5% year 1, 5% years 2-3, 7.5% years 4-5; maturity Oct 15, 2031; leverage covenant ≤3.50x, fixed charge ≥1.25x.
- Terminated MidCap Financial credit agreement, paying ~$62.6M payoff consisting of $60.2M principal/interest and $2.4M prepayment/termination fees.
- Acquired SEUS payroll processing assets for $26.5M: $13.5M cash, $3.0M note due April 15, 2028 at 3.00%, and 1,206,141 shares valued at $8.29 ($10M).
- Revolver and delayed-draw term loan undrawn at closing; proceeds also for Permitted Acquisitions and working capital; facility secured by substantially all assets.

## SEC filing metadata
- accession: 0001104659-26-116616
- form_type: 8-K
- ticker: ASUR
- cik: 0000884144
- company_name: ASURE SOFTWARE INC
- filed_at: 2026-10-16T20:15:27+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 1.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884144/000110465926116616/0001104659-26-116616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884144/000110465926116616/tm2627663d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-116616
- JSON: https://secwatch.observer/filing/0001104659-26-116616.json
- Plain text: https://secwatch.observer/filing/0001104659-26-116616.txt

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