Golub Supports $515M Recap of Behrman Capital's DDC
July 21, 2015
Golub Capital, acting as administrative agent, sole lead arranger and sole bookrunner, provided $515 million in financing to support Behrman Capital's recapitalization of Data Device Corporation. The financing marks Golub's largest one-stop loan to date. DDC is a provider of connectivity, power and control solutions for aerospace defense, and industrial applications; proceeds from the credit facilities were used to repay existing debt and accrued interest, pay fees and expenses, and pay a dividend to shareholders.