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Radwell gets $1.34 billion unitranche financing led by Golub
By Sara Rosenberg
New York, March 15 – Radwell has secured a $1.335 billion unitranche senior secured financing, according to a market source.
Golub Capital acted as the lead arranger on the deal and is the administrative agent.
The financing consists of a $60 million revolver, a $1.125 billion first-lien term loan and a $150 million first-lien delayed-draw term loan, the source said.
Allocations went out on March 11.
Proceeds are being used to help fund the buyout of the company by CVC. Greenbriar, the selling sponsor, and Radwell management will remain minority equity holders in the company.
Radwell is a distributor of “need it now” maintenance, repair and operations components for industrial control systems.
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