Asure Software signed a $115 million credit facility with MUFG as agent
The lending event that says most to an owner or lender planning a loan this week is Asure Software, Inc. signing a $115 million senior credit facility with MUFG Bank, Ltd. as administrative agent. It matters because it shows a software company drawing a committed facility from a large bank, and it sits alongside facilities signed the same week by Conduent Incorporated and Upstart Holdings, so an owner or lender planning a loan can read the three side by side.
On October 15, 2026, Asure Software, Inc., as borrower, entered into a credit agreement with certain of its subsidiaries as guarantors, MUFG Bank, Ltd. as administrative agent, and the lenders party to the agreement sec.gov. Under the agreement, the company may borrow up to $115 million under a senior credit facility, comprising an $85.0 million term loan facility, all of which was drawn on October 15, 2026.
Conduent Incorporated and its revolving credit lenders are finalizing the refinancing of its revolving credit facilities. On October 14, 2026, the company and certain of its subsidiaries, as guarantors, entered into Amendment No. 4 with certain revolving credit lenders and Bank of America, N.A., as administrative agent and collateral agent sec.gov.
On October 16, 2026, Upstart Network, Inc., a wholly owned subsidiary of Upstart Holdings, Inc., entered into a credit agreement under which MUFG Bank, Ltd., as administrative agent and collateral agent and as a lender, and the other lenders agreed to provide a senior secured revolving credit facility in an aggregate principal amount of up to $200,000,000 sec.gov. The revolver is intended to provide additional financing flexibility during the establishment and initial capitalization of Upstart Bank, N.A.
NEXT Properties (Trust 2401), a trust formed under the laws of the United Mexican States, announced the expiration date results of its offers to exchange its 7.700% senior sustainability-linked notes and 7.375% senior green notes prnewswire.com.
Number of the week. Commercial and industrial loans at all U.S. commercial banks stood at $2,987.8 billion in the week ending 7 October 2026, according to the Federal Reserve Board (H.8 release). That is up $16.2 billion from the week ending 30 September 2026 and up $295.4 billion from the week ending 8 October 2025.
The number of the week puts the facilities in context. Commercial and industrial loans at all U.S. commercial banks rose $16.2 billion in the week ending 7 October 2026, and the facilities signed this week show the kinds of borrowers behind that growth: a payroll and human capital software company, a business process services company, and an AI lending platform, each drawing a committed facility from a large bank.
What these loans show is who lenders are funding as software takes on more of the work in services. Asure sells payroll and human capital management software, Conduent runs business process services, and Upstart runs an AI lending platform, and each borrowed through a committed facility arranged by a large bank, MUFG Bank or Bank of America. The structure matters as much as the names: Asure took a term loan facility, Conduent refinanced its revolving credit facilities, and Upstart borrowed through a senior secured revolving credit facility to capitalize a new bank, which shows lenders funding software and services firms on the strength of their businesses rather than physical assets.
What to watch next is whether the borrowers draw on their new facilities and report the use. Asure's facility is up to $115 million, Upstart's revolver is up to $200,000,000, and Conduent is finalizing its refinancing, so later reports that show a draw or a completed refinancing are the next checkable steps. The Next Properties exchange offers are the other item to watch, since the release reports the expiration date results of the offers.