Golub capital’s late stage lending offers flexible debt to venture-backed, growth equity and other technology companies.

Golub Capital’s Late Stage Lending business provides financing solutions to venture-backed, growth equity and other technology companies. Our solutions are customized to meet the growth thesis without extensive equity dilution. We provide senior debt, subordinated debt and co-investment equity to companies undergoing exceptional growth due to new services, increased adoption and/or entry into new markets. Our firm usually underwrites and holds the entire credit facility.

TARGET COMPANY CHARACTERISTICS

  • Expanding revenues with minimum recurring or durable revenue of $15 million
  • Current earnings may be reduced or negative due to continued reinvestment in growth
  • Backed by growth equity or venture capital firms
  • Strong customer revenue retention rates
  • Diversified customer base

TERMS OF FINANCING

  • Facilities from $15 million to $100 million
  • Customized and flexible covenant packages
  • Golub Capital will typically hold 100% of the credit facility

SECTOR EXPERIENCE

  • Enterprise software
  • Application software
  • FinTech
  • Healthcare IT
  • Data analytics
  • Security
  • Mobile
  • Cloud

TYPICAL USE OF CAPITAL

  • Accelerated growth
  • Strategic acquisitions
  • Product expansion
  • Investor liquidity
  • Conversion to SaaS

TECHNOLOGY LENDING LANDSCAPE

contact us

For more information on Golub Capital Late Stage Lending please contact Andrew Steuerman or Peter Fair.

Golub Capital’s Late Stage Lending group provided a compelling debt financing that allowed the company to accelerate its growth without meaningful dilution to current stakeholders. The Golub Capital team has significant expertise working with the needs of rapidly growing and expanding SaaS companies, making them excellent partners. Their debt solution is unique as it has a long-term horizon, allows us the flexibility to invest in the business and has greater scale than any other debt product in the market.
Ian Charles, CFO
Host Analytics

HOW CAN GOLUB CAPITAL LATE STAGE LENDING HELP YOUR SAAS BUSINESS GROW?

Golub Capital’s Late Stage Lending offers flexible debt to venture-backed, growth equity and other technology companies. Our solutions are customized to meet the growth thesis of the company without extensive equity dilution.

In a hurry but want to learn more? Watch the breezy one minute summary below and email us if you’d like more specifics on the product: lsl@golubcapital.com.

$55,000,000

Late Stage Lending Facility
June 2017 Administrative Agent

UNDISCLOSED

Late Stage Lending Facility
April 2017 Administrative Agent, Sole Bookrunner

$42,000,000

Late Stage Lending Facility
August 2016 Administrative Agent, Sole Lead Arranger

UNDISCLOSED

Late Stage Lending Facility
October 2016 Administrative Agent, Sole Bookrunner

UNDISCLOSED

Late Stage Lending Facility
October 2016 Administrative Agent, Sole Bookrunner

UNDISCLOSED

Late Stage Lending Facility
June 2016 Administrative Agent, Sole Bookrunner

UNDISCLOSED

Late Stage Lending Facility
July 2016 Administrative Agent, Sole Bookrunner

UNDISCLOSED

GOLD Facility*
June 2016 Administrative Agent, Sole Bookrunner

UNDISCLOSED

Senior Credit Facility
January 2016 Sole Bookrunner, Administrative Agent
* GOLD facilities are Golub Capital One-Loan Debt (one-stop) facilities.