NORWALK, Conn.--Tuesday, July 13, 2010-- GE Capital, Corporate Finance today announced it has secured a lease agreement with Polymer Group, Inc., a leading producer of nonwovens. The equipment lease facility will provide funding of up to $56 million for the primary equipment associated with the installation of a new state-of-the-art, custom-designed, spunmelt machine at a Polymer Group, Inc. plant in Waynesboro, Virginia.
NORWALK, Conn.--Friday, July 09, 2010-- GE Capital, Restructuring Finance today announced it is co-collateral agent in a $650 million asset-based credit facility to Smurfit-Stone Container Corporation, a leading integrated containerboard and corrugated packaging producer and recycler. The loan supports the company's exit from bankruptcy protection under a Plan of Reorganization. GE Capital Markets served as joint lead arranger.
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NORWALK, Conn.--Wednesday, June 16, 2010-- GE Capital, Restructuring Finance today announced it agented a $150 million plan of reorganization credit facility to BI-LO, one of the largest supermarket chains in the Southeastern U.S. The loan supports BI-LO's exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as sole lead arranger.
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NORWALK, Conn.--Tuesday, June 08, 2010-- GE Capital, Restructuring Finance today announced it is co-lender for a $175 million debtor-in-possession credit facility for Neff Rental, Inc., a national construction equipment rental company. The loan will be used for working capital needs as the company restructures through its prearranged plan under Chapter 11. GE Capital Markets served as co-lead arranger.
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NORWALK, Conn.--07 June 2010-- GE Capital, Corporate Finance today announced it is sole lender for a $75 million asset-based credit facility to Insteel Industries, Inc., a leading manufacturer of steel wire reinforcing products. The loan replaces an existing credit facility from GE and will be used to fund Insteel's working capital, capital expenditure, general corporate and growth requirements.
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NORWALK, Conn.--Friday, April 09, 2010-- GE Capital, Corporate Retail Finance today announced it was co-collateral agent on a $700 million asset-based credit facility for Borders Group, Inc. (NYSE: BGP), a specialty retailer of books and other educational and entertainment items. The loan will be used to support working capital needs. GE Capital Markets served as co-lead arranger.
Borders Group is headquartered in Ann Arbor, MI, and employs approximately 19,500 throughout the U.S., primarily in its Borders® and Waldenbooks® stores.
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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.
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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.