$10 Million Working Capital Line of Credit with SLR Capital Partners Demonstrates Focus on Non-Dilutive Funding Sources to Support Continued Sales Growth
FRISCO, TX / ACCESSWIRE / September 18, 2023 / GameSquare Holdings, Inc. (NASDAQ:GAME)(TSXV:GAME), the media, entertainment and technology company that connects global brands to gaming and youth culture, today announced a $10 million working capital line of credit with SLR Capital Partners ("SLR") that matures in September 2026.
"Today's announcement reflects our commitment to support the current and future growth of our business through non-dilutive funding sources," said Justin Kenna, CEO of GameSquare. "We believe we have a clear path to profitability in the coming quarters as we continue to successfully integrate the Engine Gaming merger and execute against growing revenue opportunities during the seasonally strong second half of the year."
About GameSquare Holdings, Inc.
GameSquare Holdings, Inc. (NASDAQ:GAME | TSXV:GAME) is a vertically integrated, digital media, entertainment and technology company that connects global brands with gaming and youth culture audiences. GameSquare's end-to-end platform includes GCN, a digital media company focused on gaming and esports audiences, Cut+Sew (Zoned), a gaming and lifestyle marketing agency, USA, Code Red Esports Ltd., a UK based esports talent agency, Complexity Gaming, a leading esports organization, Fourth Frame Studios, a creative production studio, Mission Supply, a merchandise and consumer products business, Frankly Media, programmatic advertising, Stream Hatchet, live streaming analytics, and Sideqik a social influencer marketing platform. www.gamesquare.com
About SLR Capital Partners, LLC
Founded in 2006, SLR is a diversified middle market private credit solutions platform. The firm is an SEC-registered investment adviser and primarily invests in U.S. middle market companies in the form of cash flow, asset-based, and specialty finance senior secured loans. SLR manages public and private business development companies ("BDCs"), private credit funds, and separately managed accounts, including serving as the investment adviser to publicly-traded BDC SLR Investment Corp. (Nasdaq: SLRC). The platform was founded by Michael Gross and Bruce Spohler, who each have over 35 years of investment experience through multiple credit cycles.
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Chelsey Northern/The Untold
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SOURCE: GameSquare Holdings, Inc.