Golub arranges one-stop loan to engineering company

National Technical Systems, a portfolio company of Aurora Capital, will use the $355 million credit facility to refinance its original loan from Golub and to make acquisitions.  

Golub Capital has provided a $355 million GOLD (Golub One-Loan Debt) facility to support the refinancing of National Technical Systems (NTS), a portfolio company of Aurora Capital Group. The US lender originally provided a $193 million financing to support Aurora’s acquisition of NTS in 2013, the firm said in a statement.

The credit line later grew to $243 million, as Golub arranged additional financing to support the company’s acquisition program. The new $355 million facility replaces the company’s existing financing and will provide NTS with more capacity for purchases.

NTS is an engineering services company that provides a range of product testing, inspection and certification services in the US, primarily serving the civil aviation, space, defense, nuclear and telecommunications markets.

Aurora is a Los Angeles-based private equity firm with about $2 billion in assets under management.  The firm’s main Aurora Equity Partners platform focuses on control investments in mid-market businesses with leading market positions and good growth prospects. 

Golub Capital’s mid-market lending team structures financing packages with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and its proprietary suite of GOLD facilities of up to $500 million. Golub has $10 billion of capital under management and offices in Chicago, New York and San Francisco.