Golub Capital Provides One-Loan Debt Facility To Support The Acquisition Of Freedom Dark Fiber Networks By Wilcon Holdings

CHICAGO, Oct. 29, 2013 /PRNewswire/ — Golub Capital announced today that, as Sole Bookrunner and Administrative Agent, it provided a $59 million GOLD financing and $2 million equity co-investment to support the acquisition of Freedom Dark Fiber Networks ("Freedom") by Wilcon Holdings ("Wilcon"). Wilcon is a portfolio company of Pamlico Capital ("Pamlico"). GOLD financings are Golub Capital's One-Loan Debt facilities.

Founded in 1998, Wilcon is a leading provider of fiber optic network infrastructure in Southern California connecting major colocation facilities, data centers and enterprise locations. With unparalleled network density and connectivity across downtown Los Angeles' Internet and telecommunications corridor, the company offers both dark fiber and lit services to international and domestic carriers and enterprises. Wilcon also owns and operates leading data center and carrier-neutral colocation facilities in downtown Los Angeles, including its key hub at the One Wilshire Building.

Founded in 2007, Freedom grew rapidly to become a leading, regional high- capacity dark fiber provider in Southern California. With vast network reach, Freedom delivers ultra-broadband solutions to leading businesses in a broad range of industries including media and entertainment, financial services, healthcare, education, Internet services and wireless communications.

With the completion of this acquisition, Wilcon is now one of the largest fiber optic networks in southern California. Wilcon has grown its fiber footprint by nearly 3,000 additional route miles, providing access to nearly 1,000 additional enterprise buildings, wireless communications sites, data centers and Internet hubs. The new customer-centric network provides a powerful value proposition to the region's major industries by giving them access to connectivity into strategic submarkets not otherwise served by competitive providers.

"We are excited to support Pamlico Capital and the management team at Wilcon," said Troy Oder, Managing Director at Golub Capital.  "This investment represents our latest alliance with Pamlico in the communications infrastructure space, which is a target industry for our Software, Digital and Technology Services team.  We value Pamlico's disciplined investing approach in this sector, as well as their deep industry expertise."

"Golub Capital has once again proven to be a valuable and reliable lender to our firm," said Scott Stevens, Partner at Pamlico Capital.  "They provided a streamlined financing solution to support the combination of Wilcon and Freedom, and lived up to the high standard of execution they have established for themselves on past transactions."

About Golub Capital

With over $8 billion of capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm's proprietary MiniGOLD, GOLD, and MegaGOLD facilities), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $300 million. Golub Capital's hold sizes range up to $250 million per transaction.

Golub Capital has been a top 3 Traditional Middle Market Bookrunner each year from 2008 through 2Q 2013 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). Year to date, Golub Capital has been awarded Finance Monthly's Global Awards 2013 "Credit Asset Manager of the Year," and DealMakers M&A Awards 2013 "Middle Market Lender of the Year." Golub Capital is a national firm with principal offices in Chicago and New York. For more information, please visit the firm's website at www.golubcapital.com.

About Pamlico Capital

Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in the U.S. Pamlico Capital seeks control-oriented growth equity and buyout investments of up to $75 million alongside proven management teams in its target industries, business and technology services, communications and healthcare. The firm, based in Charlotte, NC, currently manages over $2 billion in assets. Please refer to http://pamlicocapital.com for additional information

SOURCE Golub Capital

CONTACT: Troy Oder, Managing Director, 312.254.5742 or [email protected]