NORWALK, CT -- June 29, 2009 --- GE Capital, Corporate Finance today announced it provided a $100 million asset-based credit facility to Monrovia Nursery, one of the world's largest producers of container grown plants. The loan will be used for working capital needs. GE Capital Markets served as co-lead arranger.
NORWALK, Conn.--12 June 2009-- GE Capital, Corporate Finance today announced it served as co-administrative agent for a $230 million cash flow term loan to Transaction Network Services, Inc. (NYSE:TNS), a leading provider of secure data, network and telecommunications services. The new loan increases the company's existing credit facility to $423.5 million to support the acquisition of the Communication Services Group (CSG) from VeriSign, Inc.
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NORWALK, Conn.--02 June 2009-- GE Capital, Restructuring Finance today announced it provided a $75 million debtor-in-possession (DIP) credit facility to Caraustar Industries, Inc., one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The loan will be used for working capital needs as the company restructures under Chapter 11.
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NORWALK, Conn.--02 June 2009-- GE Capital, Corporate Retail Finance today announced it co-led a $4 billion asset-based credit facility for Sears Holdings Corp., a leading retailer operating more than 3,800 stores throughout the U.S. and Canada. The loan will be used for working capital needs. GE Capital Markets served as joint lead arranger.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Antares, GE Capital's private equity financing business, today announced it provided a $75 million asset-based loan facility to Motor Coach Industries (MCI) as part of the company's recapitalization enabling the company to emerge from Chapter 11.
MCI manufactures intercity coaches for the tour, charter, line-haul, scheduled service, and commuter transit sectors in the U.S. and Canada. The company also operates eight service centers in the U.S. and Canada and supplies aftermarket parts for most makes and models.
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NORWALK, Conn.--20 April 2009-- GE Capital, Restructuring Finance today announced it led a $125 million debtor-in-possession (DIP) credit facility to BI-LO, one of the largest supermarket chains in the Southeastern U.S. The loan will be used for working capital needs as the company restructures under Chapter 11. GE Capital Markets arranged the transaction.
Founded in 1964, BI-LO is a privately held company based in Mauldin, SC. The company operates 215 supermarkets in South Carolina, North Carolina, Georgia and Tennessee.
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NORWALK, CT-- March 23, 2009 --- GE Capital's corporate lending business today announced it provided a $175 million accounts receivable securitization facility to Georgia Gulf Corporation, a leading chemicals company. The proceeds will be used for working capital needs.
In this type of structure, GE provides an asset-based loan secured by the company's accounts receivables.