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Golub Capital Provides $57.75MM Credit Facility to Unidine

December 12, 2013, 07:49 AM
Filed Under: Food Services

Golub Capital announced that as sole bookrunner and administrative agent it provided a $57.75 million senior credit facility to support the refinancing of Unidine Corporation. Unidine was represented by Partnership Capital Growth ("PCG"), a full-service investment bank that focuses on working with companies in the healthy, active and sustainable living industry.

Founded in 2001 and based in Boston, Unidine is a leading food and dining management provider for senior living, hospital, and business environments, with a concentration in the healthcare market.  Unidine's unique approach to dining management service combines a passion for fresh food and culinary excellence with caring, attentive service, cutting edge systems and seasoned management.

"We believe that Unidine's dedicated approach to using fresh ingredients and preparing meals "from scratch" is highly distinctive in the foodservice industry and resonates with customers," said Brian Crabb, Managing Director at Golub Capital. "We are excited to partner with this exceptional management team and look forward to continuing to support the business through its next phase of growth."

"Golub Capital provided a compelling financing solution and exhibited a deep understanding of the foodservice industry, which provided us with confidence they would deliver a sound execution," said Richard Schenkel, Founder, President and CEO of Unidine. "Golub Capital exceeded our high expectations for a financing partner."

With over $8 billion of capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm's proprietary MiniGOLD, GOLD, and MegaGOLD facilities), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $300 million. Golub Capital's hold sizes range up to $250 million per transaction.

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