Golub Capital acted as administrative agent and sole lead arranger on a $2.11 billion unitranche facility to refinance Aptean’s existing first lien and second lien broadly syndicated loan facilities.
Aptean is a global provider of vertical-market-focused enterprise resource planning software primarily for small and medium-sized manufacturing businesses.
“Sponsors are increasingly turning to private credit to support larger unitranche facilities, in part because of the growth of the industry and the ability of firms like ours to provide scalable financing solutions to resilient businesses,” Spyro Alexopoulos, co-head of direct lending at Golub Capital, said.
The $2.11 billion unitranche facility is comprised of a $1.66 billion term loan, a $300 million delayed-draw term loan and a $150 million revolving credit facility.
Golub Capital has been administrative agent to Aptean since 2019. Since then, Golub Capital has led more than 10 transactions and helped grow the facility size from $650 million to more than $1.7 billion before this refinancing.
