Teachers’ Private Capital’s Plano refinances with $355 mln in credit facilities

Plano Synergy, a U.S. designer and manufacturer of branded outdoor products and accessories, has received US$355 million of credit facilities from Golub Capital. The transaction was completed by Golub in partnership with Plano’s existing investor Teachers’ Private Capital, the private equity investment arm of the Ontario Teachers’ Pension Plan. The credit facilities are intended to support the company’s refinancing. Headquartered in Plano, Illinois, Plano was acquired by Teachers’ for an undisclosed price in November 2012.

PRESS RELEASE

Golub Capital Arranges The Refinancing Of Plano Synergy Holdings, A Portfolio Company Of Ontario Teachers’ Pension Plan

NEW YORK, May 14, 2015 /PRNewswire/ — Golub Capital announced today that as Sole Bookrunner and Sole Lead Arranger it provided $355 million of credit facilities consisting of an asset-based revolving credit facility and GOLD facility to support the refinancing of Plano Synergy Holdings (“Plano Synergy” or “the Company”), an Ontario Teachers’ Pension Plan (“Teachers'”) portfolio company. GOLD financings are Golub Capital’s One-Loan Debt facilities.

Plano Synergy is a leading designer, manufacturer, and marketer of branded outdoor products and accessories. The Company has over 80 years of industry experience known for its family of high performance and quality outdoor brands. Plano Synergy brands include Ameristep, Avian-X, Barnett Crossbows, Evolved, Flextone, Frabill, Halo Optics, Plano Molding, Tenzing, Wildgame Innovations and Zink Calls.

“With a #1 or #2 market share in most product categories, Plano Synergy is the preeminent market leader in the outdoor segment delivering essential products to millions of outdoor enthusiasts season after season,” said Hyun Chang, Managing Director at Golub Capital. “We are pleased to be partnering with Teachers’ and Plano Synergy management on a critical refinancing that provides flexibility and better positions the Company for growth.”

This is the second lead transaction Golub Capital has completed with Teachers’. Golub Capital served as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner for the $232.25 million senior credit facility to support the acquisition of PetVet Care Centers at the end of 2014.

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. As of YE 2014, Golub Capital has been #1 for four years in a row 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 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 Ontario Teachers’ Pension Plan
With $154.5 billion in net assets as of December 31, 2014, the Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund’s assets and administers the pensions of 311,000 active and retired teachers in Ontario. Teachers’ employs more than 1,000 employees at its head office in Toronto, Canada, and investment offices in London, Hong Kong, and New York. For more information, including its annual reports from 2014 and previous years, visit www.otpp.com.

SOURCE Golub Capital

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