Golub Capital acted as left lead arranger, administrative agent and joint bookrunner on an $810 million syndicated loan facility to support the acquisition of Rough Country by TSG Consumer Partners and on a $425 million syndicated loan facility to support the acquisition of Confluence Technologies by Clearlake Capital.
The $810 million facility for TSG’s acquisition of Rough Country from Gridiron Capital consists of a $585 million first lien term loan, a $175 million second lien term loan and a $50 million revolver. Jefferies served as joint lead arranger on the transaction.
Golub Capital has served as administrative agent for Rough Country since Gridiron Capital’s June 2017 buyout of the company, supporting five additional transactions during that period.
“Golub Capital’s deep credit experience and expert distribution to the institutional BSL market were both invaluable to the success of this transaction,” Pierre LeComte, managing director at TSG Consumer Partners, said.
The $435 million facility for Clearlake’s acquisition of Confluence from TA Associates consists of a $290 million first lien term loan, a $105 million second lien term loan and a $40 million revolver.
“These two rated transactions showcase Golub Capital’s capabilities as a leading broadly syndicated loan arranger,” Jason Van Dussen, senior managing director and co-head of capital markets at Golub Capital, said. “We are pleased to provide the balance sheet and capital markets expertise to drive best-in-class execution for our partners.”