Golub Capital was the administrative agent and joint lead arranger in providing an $85 million first lien term loan and $20 million second lien term loan to support the recently closed acquisition of R.G. Barry Corporation by Mill Road Capital and Blackstone Tactical Opportunities. Golub Capital also structured an asset based revolving credit facility.
R.G. Barry Corporation designs, develops and markets footwear, handbags, and foot care products for women. The company offers slippers and sleepwear products, totes, insoles and 
comfort products, travel accessories, and leg and footwear products. Products are sold through national chains, mass merchants, warehouse clubs, department stores, independent and specialty retailers, boutiques, catalogs, home shopping networks, and online retailers. R.G. Barry Corporation was founded in 1947 and is headquartered near Columbus in Pickerington, OH (www.rgbarry.com).
“Golub Capital has proven to be a thoughtful and flexible financing partner on this and other transactions. They’ve once again demonstrated their acumen in structuring and syndicating a complex debt structure in a public to private transaction,” said Mill Road Managing Director Charles Goldman. “Golub always adds value beyond the capital they provide.”
Mill Road Capital is a private investment firm focused on investing in and partnering with publicly traded micro-cap companies in the US and Canada. The firm currently has over $600 million of assets under management. Mill Road Capital was founded in 2004 and is based in Greenwich, CT (www.millroadcapital.com).
“The company’s leading market share in the footwear segment and long-term customer relationships provide a great foundation for growth in the broader accessories segment. Mill Road and management are adept at identifying and executing on these opportunities and we look forward to partnering with them to grow the business,” said Golub Capital Senior Managing Director Gregory Cashman.
For more information on this transaction see Mill Road and Blackstone Complete Buy of R. G. Barry.
2014 PEPD • Private Equity’s Leading News Magazine • 9-8-14
