BOCA RATON, Fla., April 14, 2015 /PRNewswire/ -- ACM Capital Partners (www.acmcapitalpartners.com) announced it has obtained a new $7.5 million credit facility for Central Dynamics Corporation, dba Cendyn (www.cendyn.com), a rapidly growing SAAS company for the travel and hospitality industries throughout the world. The creative credit facility was financed by SunTrust Bank, which utilized a Small Business Administration (SBA) 7A loan together with a traditional line of credit, and term debt for equipment.
ACM was retained by Cendyn to assist them to source capital with which to fund their growth. ACM ran a formal process and solicited offers from several lenders and debt funds. "At the end of the process, it was clear that SunTrust was the logical choice for our client," said ACM's Managing Partner, Jim Martin. "We are excited to assist Cendyn at they continue their rapid global expansion. This successful deal brings the total of new or restructured credit financing by our firm to over $1.4 billion since 2009."
Central Dynamics Corporation's founder and CEO Charles Deyo has built a robust cloud based SAAS platform for digital marketing, CRM and meeting solutions for the travel and hospitality industries. The Company has achieved significant growth over the past five years and the new capital will be used to expand their operations and grow the top line. "We are at an exciting inflection point in our life cycle and our continued growth strategy will be supplemented by this low cost capital financing," said Mr. Deyo. "We want to thank ACM and SunTrust for bringing a creative solution to the table and, most importantly, leading us to a successful close."
Since 1996 Cendyn® has specialized in turnkey solutions that drive bottom line results for the travel and hospitality industries. Cendyn features two signature enterprises: Cendyn/ONE™ offering a unique cloud–based platform for CRM, data-driven digital marketing and interactive design services; and Cendyn Arcaneo® offering a cloud-based platform that is revolutionizing the way meetings are planned, sourced, executed and measured. With offices in Boca Raton, FL USA, Toronto, Canada and London, England, Cendyn proudly serves over 25,000 clients worldwide.
About ACM Capital Partners
Headquartered in Miami, ACM Capital Partners is a national financial and operational advisory firm specializing in assisting middle market companies in transition or distress. ACM's team of professionals has assisted clients ranging from small businesses to Fortune 500 Companies. The ACM team brings decades of experience to every client engagement, and has built a reputation of helping clients create value and provide strategic solutions to both short and long-term financial issues. Since 2008, ACM has successfully completed 120 assignments and capitalized or recapitalized over $1.4 billion. ACM Capital Partners is proud to be recognized in Inc. 500/5000 as one of the fastest-growing private companies in America in 2013 and 2014.
SOURCE ACM Capital Partners