Golub Capital served as administrative agent, joint bookrunner and joint lead arranger for a $255 million GOLD facility for Aimbridge Hospitality, a portfolio company of Lee Equity Partners and General Atlantic.
The facility will refinance existing debt and be used for other corporate purposes. GOLD financings are Golub Capital’s one-loan debt facilities.
Aimbridge is one of the largest franchise operators under the Marriott, Hilton and Hyatt brand families.
“We are very excited about the continued partnership we have both with the team from Lee Equity Partners and General Atlantic, as well as the senior management at Aimbridge,” said Greg Cashman, senior managing director at Golub Capital. “Aimbridge is a recognized leader in the independent hotel management industry, and we are proud to support the Company and its future growth initiatives.”
“Golub has been a consistent and reliable growth partner throughout our investment in Aimbridge,” said Yoo Jin Kim, partner at Lee Equity. “We have been impressed with Golub Capital’s flexible and scalable solutions in support of the company’s acquisition strategy, and we look forward to continuing to work together.”
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.