Golub Capital acts as Left Lead Arranger and Administrative Agent on two rated, broadly syndicated LBO financings in July

Submitted 05/08/2021 - 2:52pm

Golub Capital has acted as Left Lead Arranger, Administrative Agent and Joint Bookrunner on an USD810 million broadly syndicated loan facility to support the acquisition of Rough Country by TSG Consumer Partners (TSG), and on a USD425 million broadly syndicated loan facility to support the acquisition of Confluence Technologies, Inc (Confluence) by Clearlake Capital (Clearlake).

The USD810 million facility for TSG’s acquisition of Rough Country from Gridiron Capital consisted of a USD585 million first lien term loan, USD175 million second lien term loan and USD50 million revolver. Jefferies served as Joint Lead Arranger on the transaction.
 
Golub Capital has served as Administrative Agent to Rough Country since Gridiron Capital’s June 2017 buyout of the company, supporting five additional transactions during that period.
 
“Golub Capital’s deep credit experience and expert distribution to the institutional BSL market were both invaluable to the success of this transaction,” says Pierre LeComte, Managing Director at TSG Consumer Partners.
 
The USD435 million facility for Clearlake’s acquisition of Confluence from TA Associates consisted of a USD40 million revolver, USD290 million first lien term loan and USD105 million second lien term loan.
 
“These two rated transactions showcase Golub Capital’s capabilities as a leading broadly syndicated loan arranger,” says Jason Van Dussen, Senior Managing Director, Co-Head of Capital Markets at Golub Capital. “We are pleased to provide the balance sheet and capital markets expertise to drive best-in-class execution for our partners.”
 

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