Golub Leads $3.4B Unitranche Loan for Thoma Bravo Portfolio Company
Credit asset manager Golub Capital has acted as administrative agent, left lead arranger and joint bookrunner on a $3.4 billion unitranche facility for Hyland Software, a provider of enterprise content management software and a portfolio company of private equity giant Thoma Bravo since 2007.
The unitranche facility includes a $3.25 billion term loan and a $150 million multi-currency revolver for the Westlake, OH-based company.
“The speed and certainty of working with Golub Capital on this transaction is a testament to the Firm’s depth of unitranche experience and software expertise,” said Erwin Mock, Managing Director and Head of Capital Markets at Thoma Bravo.
Over the last year, Golub Capital has executed more than 55 platform and add-on transactions with software and technology firms, serving as the lead agent in the majority of these transactions. Prominent transactions include financing Cinven’s acquisition of Archer, a provider of integrated risk management software, for an undisclosed sum in June.
The firm’s direct lending division offers syndicated credit facilities up to $2 billion and provides buy-and-hold financing for sponsor-backed transactions with hold positions of up to $700 million.
Golub Capital had over $60 billion of capital under management as of July 1.