Golub Capital acted as Administrative Agent, Left Lead Arranger, and Joint Bookrunner on a US$3.4 billion unitranche facility for Hyland Software, the proceeds of which will be used to refinance Hyland Software’s existing broadly syndicated debt consisting of first lien term loan and revolving facilities as well as a second lien term loan facility. Hyland Software, a portfolio company of Thoma Bravo since 2007, provides content management software to corporate clients worldwide. Latham also recently represented Golub in increasing Risk Strategies’ unitranche to US$4.45 billion, the largest US unitranche to date in 2023, according to Direct Lending Deals.
Latham & Watkins LLP represented Golub Capital and the other lenders in the financing with a banking team led by New York partner Alfred Xue and New York counsel Preeta Paragash, with associates Angelika Ishkhanyan and Amishi Magdani. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Kathryn Harrington; on intellectual property matters by New York partner Jeffrey Tochner, with associate Dewey Kang; on uniform commercial code matters by New York partner Larry Safran; on environmental matters by New York counsel David Langer; on data privacy matters by Bay Area partner Heather Deixler; on anti-corruption matters by Washington, D.C. partner Daniel Dominguez; on sanctions matters by associate Allison Hugi; on employment matters by associate Anne Bracaglia; on UK banking matters by London partner Hendrik Smit, with associate Philipp Hagenbuch; and on UK intellectual property matters by London partners Fiona Maclean and Gail Crawford, with associate Brett Shandler.