Golub Capital acted as sole bookrunner, sole lead arranger and administrative agent for a $695 million GOLD facility to refinance an existing GOLD facility held by Radiology Partners, a portfolio company of New Enterprise Associates (NEA).

Golub Capital led a syndicate of lenders in the firm’s largest lead GOLD deal to date. The refinancing will enable Radiology Partners to fund future growth, refinance existing debt and complete the acquisition of Southwest Diagnostic Imaging. GOLD financings are Golub Capital One-Loan Debt facilities.

“Since Golub Capital first partnered with Radiology Partners in 2013, the company has continued to expand its position as an innovative industry leader in radiology with the support of our flexible, competitively priced financing solutions,” said Stefano Robertson, managing director and head of Healthcare Finance at Golub Capital. “Radiology Partners’ differentiated position and steady revenue growth makes them a desirable long-term partner and we are delighted to support one of their latest milestones, the acquisition of Southwest Diagnostic Imaging.”

Radiology Partners is a physician-owned and physician-led radiology practice. The acquisition of Southwest Diagnostic Imaging establishes the company as the leading provider of radiology services in Arizona.

“This tailored financing solution is a strong reflection of Golub Capital’s healthcare sector expertise and deep access to the capital markets critical to the continued growth of Radiology Partners’ practice. Golub delivered an extremely efficient deal on time and as expected, which is why they remain a valued partner to us,” said Mohamad Makhzoumi, general partner and global head of Healthcare Services at NEA.