Golub Capital Provides Term Loan to Support PCI Acquisition
Golub Capital announced that as sole bookrunner, lead arranger and administrative agent it provided a $75 million second lien term loan and $4 million in co-investment equity to support the acquisition of AndersonBrecon by Packaging Coordinators (PCI), a Frazier Healthcare portfolio company.
PCI, a provider of pharmaceutical and biotechnology packaging services, will combine with AndersonBrecon to offer services on a global customer scale.
“We are very pleased to have successfully closed PCI’s acquisition of AndersonBrecon. The merged company is a strong business with terrific growth prospects,” stated Stefano Robertson, a managing director at Golub Capital and the head of their Healthcare Finance team. “This is our second deal with Frazier in the past year and we have a high regard for their ability to strategically position their portfolio companies for both organic and acquisitive growth. We look forward to continuing our work together in the future.”