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Golub Capital Arranges Plano Synergy Holdings $355MM ABL

May 15, 2015, 08:04 AM
Filed Under: Manufacturing

Golub Capital announced that as sole bookrunner and solelead arranger, it provided $355 million of credit facilities consisting of an asset-based revolving credit facility and GOLD facility to support the refinancing of Plano Synergy Holdings, an Ontario Teachers' Pension Plan ("Teachers'") portfolio company.  GOLD financings are Golub Capital's One-Loan Debt facilities.

Plano Synergy is a leading designer, manufacturer, and marketer of branded outdoor products and accessories. The Company has over 80 years of industry experience known for its family of high performance and quality outdoor brands. Plano Synergy brands include Ameristep, Avian-X, Barnett Crossbows, Evolved, Flextone, Frabill, Halo Optics, Plano Molding, Tenzing, Wildgame Innovations and Zink Calls.

"With a #1 or #2 market share in most product categories, Plano Synergy is the preeminent market leader in the outdoor segment delivering essential products to millions of outdoor enthusiasts season after season," said Hyun Chang, Managing Director at Golub Capital. "We are pleased to be partnering with Teachers' and Plano Synergy management on a critical refinancing that provides flexibility and better positions the company for growth."

This is the second lead transaction Golub Capital has completed with Teachers'. Golub Capital served as administrative agent, joint lead arranger, and joint bookrunner for the $232.25 million senior credit facility to support the acquisition of PetVet Care Centers at the end of 2014.

Golub Capital's award winning middle market lending team structures financing solutions with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. As of YE 2014, Golub Capital has been #1 for four years in a row for senior secured loans of up to $100 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).

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