Golub Capital Provides One-Loan Financing to Support Rubio’s Restaurants, Inc. Going Private Transaction With Mill Road Capital

NEW YORK, Aug. 26, 2010 /PRNewswire/ — Golub Capital today announced that it has provided a $46.1 million GOLD financing and an equity co-investment to support Rubio's Restaurants, Inc. ("Rubio's" or the "Company") going private transaction with Mill Road Capital ("Mill Road"). GOLD financings are Golub Capital One-Loan Debt facilities.

Rubio's owns and operates a regional chain of fast-casual Mexican restaurants, offering high-quality, prepared to order distinctive Mexican cuisine combined with freshly prepared seafood fare inspired by the Baja region of Mexico. The Company was founded in 1983 and went public in May 1999, trading on the Nasdaq under 'RUBO'. Headquartered in Carlsbad, California, Rubio's operates, licenses or franchises more than 200 restaurants in California, Arizona, Colorado, Utah and Nevada. More information can be found at www.rubios.com.

"Rubio's is a great franchise with loyal customers and an attractive position in the fast casual space," commented Senior Managing Director Greg Cashman. "We are excited to partner with management and Mill Road Capital to continue the Company's growth."

"Golub Capital was a real partner for us in the acquisition of Rubio's. They provided a committed financing facility that allowed us to sign up the transaction when most other lenders were on the sidelines," said Scott Scharfman, a Managing Director at Mill Road Capital. "Their deep knowledge and experience in the restaurant sector was critical to structuring a deal that worked for our growth plan."

About Golub Capital

With over $4 billion in capital, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm's proprietary GOLD facility), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates senior credit facilities up to $200 million. Golub Capital's hold sizes range up to $75 million per transaction. Golub Capital was ranked by Thomson Reuters Loan Pricing Corporation as the #1 Traditional Middle Market Bookrunner for 2009. For two years in a row, Golub Capital was named "Middle Market Lender of the Year" by Buyouts Magazine for achievements in 2009 and 2008. Other honors include being named "Debt Financing Agent of the Year" in June 2010 by M&A Advisor. Golub Capital is a national firm with offices in Chicago, New York and Atlanta. For more information, please visit the firm's website at www.golubcapital.com.

Golub Capital Incorporated (and its various affiliates) creates and manages multiple private funds. One of its affiliates, GC Advisors LLC is an investment advisor registered with the United States Securities and Exchange Commission.

About Mill Road Capital

Mill Road Capital is an investment firm focused exclusively on investing in outstanding publicly-traded companies. Mill Road invests on behalf of a prominent international group of limited partners, including state pension funds, foundations, endowments and insurance companies. Mill Road has flexible, long-term capital and the ability to purchase shares in the open market, buy large block positions from existing shareholders, provide capital for growth or acquisition opportunities, or partner with management and sponsor going-private transactions. More information about Mill Road Capital can be found at www.millroadcapital.com.

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SOURCE: Golub Capital

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