Marshall Retail seeks $100 million credit facility via Golub Capital

By Sara Rosenberg

New York, Sept. 22 - Marshall Retail Group is in the market with a $100 million senior secured credit facility, according to a source.

Golub Capital is leading the deal, which was launched with a bank meeting this past Monday.

The facility consists of a $10 million revolver and a $90 million term loan, with both tranches talked at Libor plus 600 basis points with a 1.5% Libor floor and an original issue discount of 981/2, the source said.

Proceeds will be used to refinance existing debt and fund a dividend.

Last 12 months leverage is about 3.75 times.

Marshall Retail is a Las Vegas-based specialty retailer in the casino resort marketplace.

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