Golub Capital Provides One-Loan Debt Facility To Finance Freeman Spogli’s Acquisition Of Batteries Plus Bulbs

CHICAGO, July 8, 2016 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Lead Arranger and Joint Bookrunner, it provided a $280 million GOLD financing to finance Freeman Spogli’s acquisition of Batteries Plus Bulbs (“B+B”).  GOLD financings are Golub Capital One-Loan Debt facilities. 

B+B is the nation’s leading battery, light bulb, and smartphone/tablet repair specialty retail franchise. The Company has nearly 700 B+B stores located across 48 states and Puerto Rico. B+B provides the widest selection of battery and light bulb products available that is complemented  by extensive category expertise and value-added services including diagnostics, installation and recycling.

“We are thrilled to complete another transaction in partnership with Freeman Spogli,” said Troy Oder, Managing Director at Golub Capital.  “We believe that Freeman Spogli’s extensive experience in the specialty retail sector will allow them to build on B+B’s strong position as a market leader in a unique niche.”

About Golub Capital Middle Market Lending

Golub Capital’s award winning middle market lending team structures financing solutions with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $750 million. Golub Capital has been a top 3 US Middle Market Bookrunner each year from 2008 through Q1 2016 for senior secured loans of up to $500 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 $18 billion of capital under management. Golub Capital has three highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending and Broadly Syndicated Loans. Golub Capital’s lending offices are located in Chicago, New York and San Francisco. For more information, please visit the firm’s website at www.golubcapital.com.

About Freeman Spogli

Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer-related and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $3.8 billion in 56 portfolio companies with aggregate transaction value of approximately $22 billion, and is currently making investments from FS Equity Partners VII, L.P.  Freeman Spogli has offices in Los Angeles and New York. For additional information, visit www.freemanspogli.com.

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SOURCE Golub Capital

For further information: Meghan Womack, Senior Director Integrated Marketing Communications, 212.574.8408 or mwomack@golubcapital.com