Diligent gets over $800 million financing under unitranche facility

By Sara Rosenberg

New York, April 6 – Diligent Corp. closed on an over $800 million incremental financing on Tuesday morning, expanding its unitranche facility to more than $2.1 billion, according to a market source.

Golub Capital acted as the administrative agent, sole lead arranger and bookrunner on the deal.

Proceeds were used to finance the acquisitions of Steele Compliance Solutions Inc. and Galvanize.

Diligent, a portfolio company of Insight Partners, Clearlake Capital Group LP and funds managed by Blackstone Tactical Opportunities, is a provider of SaaS solutions that facilitate secure collaboration, communication and meeting management for boards, committees and leadership teams.

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