Listen Technologies Corporation
Headquartered in Bluffdale, Utah, Listen Technologies Corporation (“Listen” or the “Company”) engages in the development, manufacturing, marketing and selling of assistive listening solutions that enable people to have a better listening experience and enable facilities to comply with accessibilities laws, such as the American with Disabilities Act. The Company’s technology aims to improve audio clarity in noisy and challenging environments which allows individuals to connect and experience pure and focused sound. With an established history of product innovation, Listen continually enhances its existing portfolio and regularly introduces new offerings and services to customers. The Company’s solutions are used in a variety of venues and settings including universities, courtrooms, houses of worship, stadiums and manufacturing facilities.
Listen sought to maximize its borrowing capacity with a new lender to fund its growth initiatives.
SSG was retained to help refinance the Company’s existing debt and secure additional capital to fund future business plans. SSG leveraged its broad network of capital providers and solicited interest from a targeted list of traditional and alternative lenders. After receiving numerous competitive term sheets, a credit facility from Cadence Business Finance, a division of Cadence Bank, was determined to be the best solution. SSG’s deep market knowledge and execution capabilities resulted in a solution that maximized debt capacity for Listen and provided the additional availability necessary to finance Listen’s strategic growth initiatives.