Daily News: March 10, 2015

Golub Facility Supports ISN Refi

Golub Capital announced that as administrative agent, sole lead arranger and sole bookrunner it provided a senior credit facility to support the refinancing of Integrated Supply Network, an Audax Group portfolio company, and ISN’s concurrent acquisition of Consolidated Lift.

“Consistent with our past experiences, Golub provided a flexible financing solution and was able to close quickly and smoothly,” said Mark Cordes, managing director at Audax. “Their ability to speak for the full senior debt facility greatly simplified the financing process for us.”

“ISN is a prime example of Golub bringing to bear its product flexibility, hold capacity, and speed of execution to deliver for our client,” stated Brian Crabb, managing director at Golub Capital. “We are thrilled to be partnering with Audax and the ISN team to support the business through the next stage of its growth.”

ISN is the third financing Golub Capital has provided to Audax in less than a year.

ISN is an independent master distributor of tools, equipment and supplies to the automotive aftermarket.