Golub Capital Provides Senior Secured Credit Facility in Support of Hosting.com's Acquisition of NeoSpire, Inc.
CHICAGO, Oct. 10, 2011 /PRNewswire/ -- Golub Capital today announced that it provided a $78 million senior secured credit facility in connection with the acquisition of NeoSpire, Inc. by Hosting.com, acting as Administrative Agent, Joint Bookrunner and Co-Lead Arranger. Hosting.com is a Pamlico Capital ("Pamlico") portfolio company.
Hosting.com is a global provider of enterprise-class IT infrastructure solutions, services and facilities that ensure clients' mission-critical applications are cloud-enabled and Always On. Hosting.com's geographically-dispersed datacenters and Cloud Supersites, coupled with the industry's top networking and connectivity technologies, provide the highest levels of availability, security, and responsiveness. The most recognized names in SaaS, Healthcare, Retail, Financial Services, and Government repeatedly rely on Hosting.com's portfolio of dedicated hosting, managed cloud hosting, and co-location solutions to deliver the business continuity advantages they require.
Hosting.com currently operates PCI Level 1 cloud and dedicated infrastructures and SAS 70 Type II certified datacenters in Irvine, CA; Louisville, KY; Newark, DE; San Francisco, CA; and Denver, CO and will expand its datacenter network to six locations with the addition of NeoSpire's Dallas, TX facility.
"We are excited to continue our support of Hosting.com and to execute our third transaction with Pamlico Capital," stated Troy Oder, a Golub Capital Principal. "Hosting.com's business model is an excellent fit for our Software, Digital and Technology Services industry vertical, and its management team has done a great job of executing its growth strategy."
Scott Stevens, a Partner at Pamlico, said, "We remain impressed with Golub Capital's ability to support Hosting.com as the company's financing needs evolve. Golub has demonstrated a clear ability to grow with the platform, and to execute on flexible financing solutions that have allowed us to pursue our operating strategy."
About Golub Capital
With over $5 billion of capital under management, 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 underwrites and syndicates senior credit facilities up to $200 million. Golub Capital's hold sizes range up to $100 million per transaction. Golub Capital was ranked the #1 Middle Market Bookrunner for the first half of 2011 by Thomson Reuters Loan Pricing Corporation. Golub Capital was named "Middle Market Lender of the Year" by Buyouts Magazine 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 principal offices in Chicago and New York. For more information, please visit the firm's website at golubcapital.com.
About Pamlico Capital
Pamlico Capital, formerly known as Wachovia Capital Partners, was founded in 1988 and has invested in excess of $3.5 billion in over 200 middle market companies since its inception. Pamlico Capital seeks growth equity and buyout investments of up to $100 million alongside proven management teams in its target industries, which include business & technology services, communications, and healthcare. The firm, based in Charlotte, NC, currently manages over $2 billion in assets. Please visit pamlicocapital.com for additional information.
SOURCE Golub Capital