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Golub Capital Leads $2.11B Unitranche Facility for Aptean

February 01, 2024, 07:50 AM
Filed Under: Technology

Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility to refinance Aptean’s existing first lien and second lien broadly syndicated loan facilities.

Aptean is a leading global provider of mission critical, vertical-market-focused enterprise resource planning software primarily for small and medium sized manufacturing businesses.

“Sponsors are increasingly turning to private credit to support larger unitranche facilities, in part because of the growth of the industry and the ability of firms like ours to provide scalable financing solutions to resilient businesses,” said Spyro Alexopoulos, Co-Head of Direct Lending at Golub Capital.

The $2.11 billion unitranche facility is comprised of a $150 million revolving credit facility, $1.66 billion term loan and $300 million delayed draw term loan.

“Golub Capital has consistently been a reliable financing partner and we are thrilled to continue our partnership on this latest transaction,” said Tony Marsh, Managing Director and Chief Capital Markets Officer at TA. “They were uniquely positioned to lead this transaction because of their outstanding capital markets execution capabilities and software experience.”

Golub Capital has been Administrative Agent to Aptean since 2019. Since then, Golub Capital has led more than 10 transactions and helped grow the facility size from $650 million to over $1.7 billion before being refinanced this month.

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