Radwell gets $1.29 billion incremental unitranche credit facility

By Sara Rosenberg

New York, Dec. 8 – Radwell completed a $1.29 billion incremental unitranche senior secured credit facility, split between a $90 million revolver and a $1.2 billion first-lien term loan, according to a market source.

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

Proceeds were used to support the acquisition of Electrical Source.

Pro forma for the transaction, the unitranche facility totals about $2.6 billion.

Both Greenbriar and CVC own a majority share of the company.

Radwell is a specialty distributor of “need it now” maintenance, repair and operations components for industrial control systems, including computers, electrical parts, mechanical parts, sensors and other.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.