2014

Golub Capital Provides Senior Stretch Financing in Support of ICV's Recapitalization of The Marshall Retail Group

NEW YORK, Oct. 19, 2011 /PRNewswire/ -- Golub Capital today announced that it provided a $95.5 million senior stretch financing as Sole Bookrunner and Administrative Agent to support the recapitalization of The Marshall Retail Group, Inc. ("MRG" or the "Company") by ICV Partners ("ICV"). The recapitalization provided refinancing of existing debt and a shareholder dividend for ICV Partners and its co-investors.

Based in Las Vegas, Nevada, MRG is the market leading specialty retailer serving the U.S. casino and resort market place. MRG maintains a strong market position in the US' two largest gaming markets, Las Vegas and Atlantic City, and operates more stores on the Las Vegas Strip than any other specialty retailer.

"MRG is a long established multi-format store operator that provides a strong value proposition to casino operators in the Las Vegas and Atlantic City markets. MRG's core business proved resilient during the economic recession, allowing the Company to make several new store investments positioning itself well for future growth," expressed Golub Capital Principal, Spyro Alexopoulos. "We are very excited to be partnering with a great senior management team and sponsor."

"We selected Golub Capital to lead this transaction as they exhibited a deep understanding of MRG and gave us the most confidence that they would deliver a sound execution during a volatile time in the capital markets," said Cory Mims, a Managing Director at ICV Partners. "They delivered on our high expectations."

About Golub Capital

With over $5 billion in 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 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 as the #1 Middle Market Bookrunner for YTD 3Q 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 www.golubcapital.com.

About ICV

Founded in 1998, ICV Partners is a leading private investment firm that supports management leaders of strong companies at the lower end of the middle market. With over $440 million in capital under management, the principals of ICV have crafted a strong track record of helping companies improve performance over the long term, investing more than $275 million in 13 platform companies across a variety of industries. ICV seeks to make control investments in market leading businesses with $25 million to $250 million in revenue.

SOURCE Golub Capital



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