Golub arranges unitranche deal for recreational products biz

The US lending firm is providing a $355 million credit facility for the refinancing of Plano Synergy Holdings, an OTPP portfolio company.  

Golub Capital has arranged a $355 million credit facility for the refinancing of Plano Synergy Goldings, a portfolio company of Ontario Teachers’ Pension Plan, Canada’s $154 billion public retirement fund. The US lender acted as the sole bookrunner and sole lead arranger in the transaction, which included an asset-based credit facility as well as a unitranche credit line.

Plano, Illinois-based Plano Synergy is a designer, manufacturer and marketer of branded recreational products and accessories. “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,” Hyun Chang, managing director at Golub Capital, said in a statement.

This is Golub’s second lead transaction with OTPP. At the end of last year, Golub also closed on a $232.25 million senior credit facility to support the acquisition of PetVet Care Centers.

Golub’s lending team structures financing with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and the proprietary suite of GOLD facilities at up to $500 million. Golub has $10 billion of capital under management across mid-market lending, late-stage lending, broadly syndicated loans and opportunistic credit. The firm has offices in Chicago, New York and San Francisco.