Hyland Software closes $3.4 billion unitranche facility via Golub

By Marisa Wong

Los Angeles, Sept. 20 – Hyland Software completed a $3.4 billion unitranche facility with Golub Capital as administrative agent, left lead arranger and joint bookrunner, according to a press release.

Proceeds will be used to refinance Hyland’s existing broadly syndicated debt, which is made up of a first-lien loan, second-lien loan and revolving credit facility.

The new unitranche facility includes a $3.25 billion term loan and a $150 million multicurrency revolver.

Hyland is a Westlake, Ohio-based enterprise content services provider.

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