Golub Capital Provides First And Second Lien Term Loans To Finance Acquisition Of R.G. Barry Corporation By Mill Road Capital

NEW YORK, Sept. 5, 2014 /PRNewswire/ — Golub Capital announced today that it acted as Administrative Agent and Joint Lead Arranger in providing an $85 million first lien term loan and $20 million second lien term loan to support the acquisition of R.G. Barry Corporation ("R.G. Barry" or the "Company") by Mill Road Capital ("Mill Road"). Golub Capital also structured an ABL revolver.

Founded in 1947 and headquartered in Pickerington, OH., R.G. Barry is a leading developer and marketer of branded accessory lifestyle products that provide fashion and function. The Company offers products in three distinct segments of the accessory universe – footwear, including the iconic Dearfoams slippers, handbags and foot care. R.G. Barry products are primarily sold in North America by a broad cross-section of retailers.

"The Company's leading market share in the footwear segment and long-term customer relationships provide a great foundation for growth in the broader accessories segment. Mill Road and management are adept at identifying and executing on these opportunities and we look forward to partnering with them to grow the business," said Golub Capital Senior Managing Director Gregory Cashman.

"Golub Capital has proven to be a thoughtful and flexible financing partner on this and other transactions.  They've once again demonstrated their acumen in structuring and syndicating a complex debt structure in a public to private transaction," said Mill Road Managing Director Charles Goldman. "Golub always adds value beyond the capital they provide."

About Golub Capital Middle Market Lending
Golub Capital's award winning middle market lending team structures financing solutions with hold positions of up to $250 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. Golub Capital has been #1 in 5 out of the past 6 years from 2009 through 1H 2014 for senior secured loans of up to $100 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).

Golub Capital is a nationally recognized credit asset manager with over $10 billion of capital under management. Golub Capital has three highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital has principal offices in New York and Chicago. For more information, please visit the firm's website at www.golubcapital.com.

About Mill Road Capital
Mill Road Capital is a private investment firm focused on investing in and partnering with publicly traded micro-cap companies in the U.S. and Canada. The firm has flexible, long-term capital with the ability to purchase shares in the open market, buy large block positions from existing shareholders, provide capital for growth or acquisition opportunities, or execute going-private transactions. The firm has raised approximately $670 million of aggregate equity capital commitments. For more information, please visit the firm's website at www.millroadcapital.com.

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SOURCE Golub Capital

CONTACT: Gregory Cashman, Senior Managing Director, 212.660.7270 or gcashman@golubcapital.com