Golub Capital Leads Refinancing of Au Bon Pain

NEW YORK, July 5, 2011 /PRNewswire/ -- Golub Capital today announced the completion of a $112 million senior secured credit facility provided for the refinancing of Au Bon Pain (the "Company"), a portfolio company of LNK Partners. Golub Capital acted as the Sole Bookrunner and Administrative Agent for this financing.    

Founded in 1978, Au Bon Pain ("the place of good bread") has grown into an internationally recognized leader in the fast casual restaurant category. The chain's signature items -- breads, pastries, sandwiches, salads, soups, and coffee -- are served in welcoming cafe environments, emphasizing quick service and hospitality. Au Bon Pain offers consumers a wide array of delicious, nutritional foods, and over the brand's last three years has earned Health Magazine's designation as one of America's Top 5 Healthiest Restaurant Chains.

"We are very excited to have closed this transaction with LNK Partners in support of a leading global brand like Au Bon Pain," said Golub Capital Senior Managing Director Greg Cashman.

Jeff Perlman, Partner at LNK comments, "Golub Capital's extensive experience in the restaurant industry was a true value-add to this transaction. Further, Golub Capital was able to move quickly and deliver on the terms as promised."  

About Golub Capital

With $4.8 billion in capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including GOLD (one-loan) financings, 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 $100 million per transaction. Golub Capital is currently ranked by Thomson Reuters Loan Pricing Corporation as a top 3 Traditional Middle Market Bookrunner. Golub Capital was named "Middle Market Lender of the Year" by Buyouts Magazine for two years in a row in 2009 and 2010. The firm was also honored as "Debt Financing Agent of the Year" by M&A Advisor in 2010. Golub Capital is a national firm with offices in Chicago, New York and Atlanta. For more information, please visit the firm's website at golubcapital.com.

About LNK Partners

LNK Partners is a private equity firm focused on backing strong management teams who are building outstanding consumer and retail businesses. LNK's team is unique in combining extensive investing and operating experience in the sector, and is further differentiated by the breadth, depth and longevity of its industry relationships. LNK invests up to $150 million of equity per transaction. The firm is highly flexible in the type and structure of its investments, and is comfortable being a minority or majority shareholder. For more information, please visit lnkpartners.com.

SOURCE Golub Capital



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