CHICAGO--(BUSINESS WIRE)--June 21, 2006--GE Antares Capital today announced that it has provided a senior credit facility of $87.5 million to Electrograph Systems, Inc. ("ESI"), a portfolio company of Caxton-Iseman Capital, Inc. ("Caxton"), to support Electrograph's previously announced acquisition of International Computer Graphics, Inc. ("ICG"). GE Capital Markets is acting as sole lead arranger for the $87.5 million first-lien credit facility.
NORWALK, Conn.--(BUSINESS WIRE)--June 14, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed a deal to provide $30 million in financing to Consolidated Theatres, a movie theater chain with screens in the Southeast and Mid-Atlantic states. GE is serving as the syndication agent in the deal worth a total of $60 million.
The financing will primarily be used by Consolidated Theatres to execute its growth plan, which includes the opening of new stadium-seating megaplex theaters.
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NORWALK, Conn.--(BUSINESS WIRE)--June 14, 2006--GE Antares Capital today announced it is the administrative agent for a $61.5-million credit facility to support the acquisition of YAXTRAX(R) by Implus Footcare, LLC, a portfolio company of FdG Associates. GE Capital Markets served as the sole lead arranger for the credit facility.
Implus' strategic acquisition of YAKTRAX will enable the company to rapidly expand its market position through its global sales, distribution and marketing platform.
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NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Commercial Finance - Global Media & Communications today announced that JP Marchette has been appointed to the position of senior vice president, Technology Lending origination, based in the Boston office located at One Beacon Street. He will be focused on expanding Technology Lending's presence in Boston and the East Coast regional market.
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NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Antares Capital today announced it is the sole lead lender on a C$25-million senior credit facility to provide Wellspring Capital Management with working capital to support the growth of its portfolio company, Neucel Specialty Cellulose Ltd. The asset-based financing is a revolving credit facility.
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NORWALK, Conn.--(BUSINESS WIRE)--June 7, 2006--GE Antares Capital today announced the closing of an $80-million credit facility, to support the acquisition of ColorMatrix Corporation ("ColorMatrix") by Audax Group ("Audax"). GE Capital Markets served as the sole lead arranger for the credit facility.
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NORWALK, Conn.--(BUSINESS WIRE)--May 23, 2006--GE Antares Capital today announced it is the agent for a $72-million credit facility to support the acquisition of PHI by The Hygenic Corp., a portfolio company of Baird Capital Partners ("Baird"). GE Capital Markets served as the sole lead arranger for the credit facility.
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NORWALK, Conn.--(BUSINESS WIRE)--May 18, 2006--GE Antares Capital today announced that it is the lead arranger of a $143 million senior debt facility for the recapitalization of Augusta Sportswear Group in connection with the acquisition of Holloway Sportswear. Augusta Sportswear Group is an existing portfolio company of Linsalata Capital Partners.
Augusta and Holloway are leading manufacturers and distributors of athletic apparel, outerwear and sportswear in the sporting goods, team dealer, decorator and college bookstore markets.
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NORWALK, Conn.--(BUSINESS WIRE)--May 1, 2006--GE Commercial Finance - Corporate Lending today announced that it is the sole lender of an $80-million senior credit facility to refinance debt for Winner Steel, Inc., a prime galvanized steel coil supplier located in Sharon, Pennsylvania.
This financing is part of a total credit facility of $130 million, which also includes a $50-million term loan.
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NORWALK, Conn.--(BUSINESS WIRE)--April 24, 2006--GE Commercial Finance - Technology Lending, a unit of Global Media & Communications, today announced that Richard Cerf has been appointed to the position of senior vice president, based in the Palo Alto office. He will be responsible for developing client relationships within the technology sector and covering West Coast venture capital firms. GE's Technology Lending group recently announced the opening of its Palo Alto office in an effort to apply a stronger focus on emerging technology in the region.