Golub Capital acted as sole bookrunner, sole lead arranger and administrative agent to provide a GOLD facility to support the continued growth of PetVet Care Centers, a portfolio company of Ontario Teachers’ Pension Plan.

This $675 million one-loan debt facility represents Golub Capital’s largest lead deal to date. The company refinanced its existing first lien and second lien senior credit facilities with this GOLD facility. GOLD financings are Golub Capital one-loan debt facilities.

With more than 600 general veterinarians and board certified specialists, ranging from emergency critical care to cardiology and orthopedic surgery, PetVet is one of the nation’s fastest growing and most profitable operators of veterinary hospitals for companion animals in the U.S. As of March 31, 2017, PetVet operated 98 general practice, specialty and hybrid veterinary hospitals across 19 states.

“As one of the eminent veterinary businesses in the U.S., the world-class team at PetVet has a proven track record of success,” said Hyun Chang, managing director of Golub Capital. “The sponsor and company evaluated a number of refinancing alternatives to address their dry powder needs, scalability and flexibility in their capital structure, and we are humbled to again be selected as lead partner with a highly customized GOLD refinancing to accelerate the company’s thesis for future growth.”

In 2014, Golub Capital acted as joint lead arranger, joint bookrunner and administrative agent on a $232.25 million senior credit facility to support the acquisition of PetVet by Ontario Teachers’ PP.