Golub Capital Provides Financing in Support of the Acquisition of Aerostructures Acquisition LLC by Graham Partners

NEW YORK, March 1, 2007 /PRNewswire/ — Golub Capital today announced that it has provided $22.5 million of subordinated debt and co-investment equity financing to Graham Partners in connection with the acquisitions of Atlas Aerospace, LLC and Vitron Manufacturing, Inc. Post acquisition, the two companies were merged and the new company is now called Aerostructures Acquisition LLC.

Headquartered in Wichita, Kan., and Phoenix, AZ respectively, Atlas and Vitron are leading manufacturers of high precision machine parts, assemblies and spares to original equipment manufacturers ("OEMs"). The Companies' products are sold to the commercial, regional and business jet markets, and the defense and industrial markets.

This is Golub Capital's 10th financing of an aerospace/defense company in the past 3 years.

"Our deep knowledge of the aerospace sector, creative structuring and ability to provide a commitment on a short timetable helped us to win this mandate. It's also a pleasure to be working with Graham Partners again," says Greg Cashman, a Managing Director with Golub Capital. "This deal should prove to be an excellent investment for Graham Partners and we look forward to supporting this deal in the future."

Golub Capital structured and led the $31 million subordinated debt facility and provided an equity co-investment. Golub Capital was able to provide a "no-outs" financing commitment for the entire subordinated facility in a week, allowing Graham to sign a purchase agreement and win the transaction.

About Golub Capital

Golub Capital is an active provider of GOLD (Golub Capital's One-Loan Debt) facilities, senior and subordinated debt, second lien debt, preferred stock, and co-investment equity to middle market companies. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Typical investments range from $5 million to $75 million, with additional capital available for future growth. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit http://www.golubcapital.com/.

SOURCE: Golub Capital

CONTACT: Greg Cashman, Managing Director, Golub Capital,
+1-212-660-7270, [email protected]