Golub Capital acted as administrative agent, lead arranger and sole bookrunner on a unitranche facility to support Freddy’s Frozen Custard & Steakburgers.
The facility is composed of a term loan and a revolver. Proceeds will be used to support Thompson Street Capital Partners’ (TSCP) refinancing of the company’s existing first lien credit facility. Additional deal terms were not disclosed.
“This transaction demonstrates the flexibility offered by private credit and the simplicity of unitranche facilities which allow businesses to stay focused on success,” Spyro Alexopoulos, co-head of direct lending at Golub Capital, said. “We’re delighted to further our partnership with TSCP with this transaction.”
“Golub Capital provided ease of execution and flexibility. We look forward to this next phase of growth for Freddy’s,” Alexis Vanstone, director at TSCP, said.
Golub Capital was previously a lender to Freddy’s in 2021 on a unitranche facility.
