Daily News: September 12, 2017

Golub Provides $146MM Facility to Support Freeman Spogli’s Café Rio Buy


Golub Capital served as administrative agent, sole bookrunner and sole lead arranger for a $146 million GOLD facility to support the acquisition of Cafe Rio by private equity firm Freeman Spogli.

GOLD financings are Golub Capital One-Loan Debt facilities.

Founded in 1997, Cafe Rio is an award-winning restaurant chain specializing in Mexican food. Cafe Rio has more than 100 locations in 11 states and has won more than 100 awards.

“Cafe Rio’s history of strong performance, consistent growth and experienced, responsible leadership aligns with our investment strategy of supporting high-potential middle market businesses with solid fundamentals,” said Troy Oder, managing director at Golub Capital. “We have a long track record of success alongside Freeman Spogli, and look forward to strengthening our relationship through our partnership on Cafe Rio.”

“We have a longstanding relationship with Golub Capital based on their deep sector expertise, professionalism and a track record of mutually-successful investments,” said Christian Johnson, partner at Freeman Spogli. “Their ability to reliably and consistently provide flexible, growth-oriented financing solutions will benefit the Cafe Rio platform in the years ahead.”

Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $400 million and is an arranger of credit facilities up to $750 million.