Risk Strategies increases unitranche facility to $4.45 billion with long-time lending partner Golub Capital leading a $700 million delayed draw term loan, its 13th transaction with the brokerage firm.
“Golub Capital helped the borrower achieve an optimal result by agreeing to hold a meaningful portion of the incremental loan, adding to its already significant position in the credit and leading a robust syndication process for the remainder,” stated the lending firm.
Adding: “The Firm generated an oversubscribed book, allowing the transaction to be upsized from $500 million to $700 million while also tightening terms from initial talk.”
Risk Strategies and Golub Capital started their relationship in 2015, when the broker was a $30 million EBITDA business.
In 2019, Golub Capital as Administrative Agent on a $1.64 billion unitranche facility to refinance Risk Strategies’ existing debt facilities. Since then, the unitranche has more than doubled in size.
Chip Cushman, Managing Director at Golub Capital, commented: “The unitranche market is open and private equity players value the scalability offered by unitranche facilities for their buy-and-build strategies.
“We are proud to lead one of the largest unitranche facilities in the market today and to offer flexible financing solutions that support the long-term growth of high-quality borrowers.”
