Diligent gets $1.3 billion unitranche credit facility led by Golub

By Sara Rosenberg

New York, Aug. 4 – Diligent Corp. closed on a $1.3 billion unitranche senior secured credit facility, according to a market source.

Golub Capital acted as the lead arranger on the deal and is the administrative agent.

The facility consists of a $50 million revolver, a $1.175 billion first-lien term loan that includes sterling- and euro-denominated tranches, and a $75 million delayed-draw term loan, the source said.

Proceeds were used to support a minority equity recapitalization by Clearlake Capital and Blackstone Tactical Opportunities.

Diligent, a portfolio company of Insight Partners, is a provider of secure corporate governance and collaboration services for boards and senior executives.

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