Golub Capital Provides One-Loan Debt Facility To Support The Refinancing Of National Technical Systems, Inc., A Portfolio Company Of Aurora Capital Group
CHICAGO, June 24, 2015 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Sole Lead Arranger, and Sole Bookrunner, it provided a $355 million GOLD facility to support the refinancing of National Technical Systems, Inc. (“NTS” or “the Company”), a portfolio company of Aurora Capital Group (“Aurora”). GOLD financings are Golub Capital One-Loan Debt facilities.
NTS is the leading independent provider of environmental simulation testing, inspection, and certification services in the United States, principally serving the civil aviation, space, defense, nuclear, and telecommunications end markets. During its more than 50 years in business, NTS has built the broadest geographic presence and sole national footprint in the United States, an unparalleled breadth of capabilities, and has fostered continuous innovation, making NTS a unique one-stop resource to meet its clients’ demanding and evolving requirements.
Golub Capital provided a $193 million GOLD financing to support Aurora’s acquisition of NTS in 2013. This facility grew to $243 million as Golub Capital arranged additional financing commitments to support the Company’s acquisition program. The new $355 million GOLD facility replaced the Company’s existing financing and will provide NTS with ample capacity to continue to pursue its highly successful acquisition strategy.
“We are excited to continue our partnership with Aurora and NTS,” said Troy Oder, Managing Director of Golub Capital. “Our capital commitment to NTS has increased significantly since we first became involved in 2013. This commitment reflects our views on the strength of the Company’s management team, NTS’ exciting growth prospects, and Aurora’s remarkable support of the platform.”
“Golub has been a consistent and reliable growth partner throughout our investment in NTS,” said Michael Marino, Partner at Aurora. “We have been impressed with Golub Capital’s flexible and scalable solutions in support of the Company’s acquisition strategy, and we look forward to further expanding our relationship in the future.”
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 $500 million. Golub Capital has been a top 3 US Middle Market Bookrunner each year from 2008 through Q1 2015 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 $10 billion of capital under management. Golub Capital has four highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending, Broadly Syndicated Loans and Opportunistic Credit. 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 Aurora Capital Group
Aurora is a Los Angeles-based private investment firm managing over $2.0 billion of capital across several private equity funds. Aurora’s traditional private equity vehicle, Aurora Equity Partners, focuses principally on control investments in middle market businesses with leading market positions, strong cash flow profiles, and actionable opportunities for growth in partnership with operating management. Aurora’s investors include leading pension funds, financial institutions, endowments, and foundations active in private equity investing. For more information, please visit www.auroracap.com.
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SOURCE Golub Capital