PNC Bank provides $17.1 mln facility to Strattam-backed Doxim
The Canadian branch of PNC Bank N.A. has provided a $17.1 million financing package to Doxim Solutions ULC, a Markham, Ontario-based provider of SaaS customer engagement solutions for banks, credit unions and wealth management firms. The package included a $1.9 million senior secured revolver with a $15.2 million senior secured term loan. The company will use the funds to refinance existing debt and for working capital. Doxim has been majority-owned by U.S. private equity firm Strattam Capital since late 2014.
4 October 2016•2 mins read
