Golub Capital Provides One-Loan Debt Facility To Support The Refinancing Of Pyramid Healthcare By Clearview Capital

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Aug 27, 2014, 10:40 ET

NEW YORK, Aug. 27, 2014 /PRNewswire/ -- Golub Capital announced today that as Administrative Agent and Sole Bookrunner it provided a $55MM GOLD financing to support the refinancing of Pyramid Healthcare, Inc. ("Pyramid" or the "Company") by Clearview Capital, LLC ("Clearview"). GOLD financings are Golub Capital's One-Loan Debt facilities.

Founded in 1999 by CEO Jonathan Wolf, Pyramid Healthcare is a leading provider of behavioral health and substance abuse treatment services for adults and adolescents. The Company provides patients with access to a full continuum of care including detoxification, medicated assisted treatment, counseling, individual and group therapy, and housing services via a network of 61 facilities, including 12 residential inpatient facilities, 43 outpatient facilities, three specialty schools, and three methadone clinics in PA, NJ, and NC.

"Pyramid is a unique behavioral health business due to its history of providing high quality care and a full suite of treatment services," stated Michael Mastropaolo, Director at Golub Capital. "Further, its leading local market share and identifiable brand name make it an exciting platform to support. We are excited to partner with Clearview and the management team to help continue to grow the business."

"Golub Capital demonstrated its expertise in healthcare investing, providing a flexible yet definitive capital solution to support our needs," said Matt Blevins, Principal at Clearview. "We are excited to have them as a partner as we continue to build on our existing platform."

About Golub Capital
With over $10 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 MiniGOLD, GOLD, and MegaGOLD facilities), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $300 million. Golub Capital's hold sizes range up to $200 million per transaction.

Golub Capital has been a top 3 Traditional Middle Market Bookrunner each year from 2008 through 1Q 2014 for senior secured loans of up to $100 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals). Year to date 2014, Golub Capital has been awarded Acquisition International's 2014 Fund Awards "Credit Asset Management Firm of the Year – USA," ACQ's Global Awards "US Credit Asset Manager of the Year," Acquisition International's "Broadly Syndicated Loans Specialist of the Year – USA," and Acquisition International's Hedge Fund Award "USA Credit Asset Manager of the Year." In 2013, Golub Capital was awarded Finance Monthly's Global Awards 2013 "Credit Asset Manager of the Year" and DealMakers M&A Awards 2013 "Middle Market Lender of the Year." 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 Clearview Capital, LLC
Clearview Capital is a private investment firm specializing in the acquisition and recapitalization of North American companies with operating profits of $4 - $20 million. The firm has a long track record of completing transactions and creating and realizing value in portfolio companies. As a team, the firm's investment professionals have invested in twenty-two platform companies and have also completed numerous add-on acquisitions. For more information, please visit the firm's website at www.clearviewcap.com.

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SOURCE Golub Capital