Golub Capital served as administrative agent, lead arranger and joint bookrunner providing a $280 million GOLD financing to finance Freeman Spogli’s acquisition of Batteries Plus Bulbs (B+B). GOLD financings are Golub Capital one-loan debt facilities.

B+B is a battery, light bulb and smartphone/tablet repair specialty retail franchise. The company has nearly 700 B+B stores located across 48 states and Puerto Rico.

“We are thrilled to complete another transaction in partnership with Freeman Spogli,” said Troy Oder, managing director at Golub Capital. “We believe that Freeman Spogli’s extensive experience in the specialty retail sector will allow them to build on B+B’s strong position as a market leader in a unique niche.”