NORWALK, Conn.--Friday, March 19, 2010-- GE Capital, Corporate Finance today announced it is sole lender for a $50 million asset-backed credit facility, which is part of an overall $105 million facility provided to JWTR, a timberland owner and operator. GE Capital Markets served as lead arranger for the incremental $55 million facility. The facility will be used to refinance existing debt.
NORWALK, Conn.--Tuesday, March 16, 2010-- GE Capital, Restructuring Finance today announced it is sole collateral agent for a $109 million cash flow plan of reorganization credit facility for Muzak, a leading provider of music and sensory branding services for businesses. The loan supports Muzak's exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as sole lead arranger on a portion of the facility.
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NORWALK, Conn.--Thursday, March 11, 2010-- GE Capital, Corporate Finance today announced it served as sole lender for a $70 million cash flow loan to Dearborn, Mich.-based EP Management Corporation, a diversified holding company of industrial and automotive product manufacturers. The loan will be used to refinance debt and recapitalize the company.
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NORWALK, Conn.--Monday, March 01, 2010-- GE Capital, Corporate Finance today announced it served as sole lender for an $85 million asset-backed term loan to U-Haul, North America's largest do-it-yourself moving and storage operator. The loan will be used to refinance an existing securitization facility.
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NORWALK, Conn.--Friday, February 12, 2010-- GE Capital, Corporate Finance today announced it is co-collateral agent for a $300 million asset-based credit facility for Kehe Food Distributors, a leading U.S. distributor of natural and specialty food products. The loan will be used to support the company's acquisition strategy.
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NORWALK, Conn.--Monday, December 21, 2009-- GE Capital, Corporate Retail Finance today announced it served as sole lender for a $35 million asset-based credit facility to Loehmann's, Inc., an off-price retailer of designer fashions. The loan will be used for working capital needs.
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NORWALK, Conn.--Friday, December 18, 2009-- GE Capital, Restructuring Finance today announced it is co-collateral agent in a $250 million plan of reorganization credit facility for Nortek, Inc., a manufacturer of residential and commercial building products. The loan supports Nortek's pre-packaged exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as joint-lead arranger.
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NORWALK, Conn.--Wednesday, December 09, 2009-- GE Capital, Corporate Finance today announced it provided a $30 million revolving credit facility to Harcros Chemicals Inc., a major distributor and producer of industrial chemicals. The loan refinances the company's existing credit and supports ongoing working capital needs. The facility may be increased to $35 million, subject to certain conditions.
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NORWALK, Conn.--Tuesday, December 08, 2009-- GE Capital, Corporate Finance today announced it is administrative agent for a $168 million cash flow credit facility for Blount International, Inc., a leading outdoor products manufacturer. The loan amends and extends an existing facility, and will be used for working capital needs. GE Capital Markets served as sole lead arranger.
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NORWALK, Conn.--Monday, December 07, 2009-- GE Capital, Corporate Retail Finance today announced it is co-collateral agent for a $625 million asset-based credit facility for The Bon-Ton Stores, Inc., a department store retailer. The loan will be used to refinance existing debt and for working capital needs. GE Capital Markets served as joint lead arranger.