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Golub Capital Provides Debt Facility to Finance Pinnacle Treatment Centers Acquisition

August 11, 2016, 07:50 AM
Filed Under: Healthcare

Golub Capital announced that as administrative agent and sole bookrunner, it provided GOLD financing to Linden Capital Partners to finance its acquisition of Pinnacle Treatment Centers, Inc. ("Pinnacle"). GOLD financings are Golub Capital One-Loan Debt facilities.

Pinnacle is a leading provider of substance abuse treatment services to individuals that are addicted to drugs and/or alcohol. Founded in 2006, Pinnacle has grown its platform to over 30 facilities across five states and offers a full continuum of care, including detoxification, residential, outpatient, and transitional living programs.

"We are very pleased to complete another transaction in partnership with Linden Capital Partners," said Stefano Robertson, Managing Director and Head of Healthcare at Golub Capital.  "Linden has excellent insight into the substance abuse treatment markets and is very well positioned to help Pinnacle achieve its growth objectives. We are excited to invest in this company alongside them."

Michael Watts, Partner at Linden Capital Partners said, "We are excited to work with Golub Capital again. Consistent with our prior experience with their healthcare finance team, Golub Capital acted quickly and decisively, ultimately delivering a very efficient financing that offered certainty and efficiency to our process."

Golub Capital's Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $300 million and is an arranger of credit facilities up to $750 million. Golub Capital's award winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors' and portfolio companies' needs.

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