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.
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.
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NORWALK, Conn.--Wednesday, November 25, 2009-- GE Capital, Corporate Retail Finance today announced it was a co-lender for a $500 million asset-based credit facility to Saks, Inc., a department store retailer. The loan will be used for working capital needs and general corporate purposes. GE Capital Markets served as joint lead arranger.
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Increased demand for restructuring finance expected to continue through 2010
NORWALK, Conn.--Thursday, November 12, 2009-- GE Capital, Restructuring Finance ended 3Q as one of the most active providers of debtor-in-possession (DIP) and plan-of-reorganization (POR) financing in the U.S. and Canada, arranging or deploying approximately $2 billion throughout the first nine months of the year.
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NORWALK, Conn.--Thursday, September 24, 2009-- GE Capital, Corporate Retail Finance today announced it acted as co-collateral agent for a $403 million asset-based credit facility to BCBG Max Azria Group, a leading designer, retailer and distributor of women's apparel and accessories. The loan will be used for working capital needs. The facility may be increased up to $450 million if certain conditions are met.