CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $265 million senior secured credit facility to support the acquisition of United Site Services (USS) by Calera Capital. GE Capital Markets served as sole lead arranger and bookrunner on this facility.
Headquartered in Westborough, MA, USS is a leader in portable restrooms and fence rentals with more than 60 locations throughout the United States.
CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $555 million senior secured credit facility to support the acquisition of Duro Bag Manufacturing Company by Hilex Poly Company , a portfolio company of Wind Point Partners. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
NORWALK, CT, July 11, 2014 --- GE Capital's Telecom, Media and Technology (TMT) financing business announced today that sell-side analyst Raj Seth has joined as managing director and senior technology analyst. Seth brings more than 20 years of technology industry experience to a team delivering comprehensive lending solutions to middle market technology companies.
In 2013, TMT provided more than $5.5 billion over 59 deals, including $1.5 billion to technology businesses.
NORWALK, CT, JUNE 16, 2014 --- GE Capital's Telecom, Media and Technology (TMT) financing business announced today it served as administrative agent on a $12 million incremental credit facility increase to VSS - Southern Theatres, LLC (Southern Theatres). The total credit facility for Southern Theaters is now $92 million. The incremental line increase will be used to fund the build out of several new Movie Tavern locations in the southeastern U.S. and Pennsylvania. GE Capital Markets served as lead arranger and joint bookrunner on this facility.
CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $107 million multi-currency, cross-border credit facility to McLarens Global Limited (McLarens). The transaction refinanced the company's senior debt, repaid its subordinated debt and provided flexibility for future acquisitions. GE Capital Markets served as lead arranger and joint book runner on this facility.
CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a senior secured credit facility to support the acquisition of Kellstrom Defense Aerospace, Inc. by the Merex Group, a portfolio company of Dubin Clark & Company, Inc. GE Capital Markets served as sole lead arranger and joint bookrunner on this facility.
CHICAGO --- GE Antares, a unit of GE Capital, announced today it is administrative agent on a $260 million senior secured credit facility to support the acquisition of Institutional Shareholder Services (ISS) by Vestar Capital Partners. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Headquartered in New York, NY, ISS is the leading global provider of corporate governance solutions for asset managers, asset owners, and corporations, employing approximately 700 people globally with 15 offices in 10 countries.
CHICAGO --- Merger, acquisition and leveraged buyout activity levels will continue to rise in the U.S. mid-market, according to a new survey of middle market dealmakers by GE Antares Capital, the leading lender for private equity-backed middle market companies.
Over two-thirds of survey respondents said they expect the mid-market M&A environment to expand over the next 12 months. This aligns with recent data from the National Center for the Middle Market (NCMM), which saw mid-market revenue growth in the first quarter of 2014 of 6.5% compared to just .5% for the S&P 500.
CHICAGO --- According to the National Center for the Middle Market (NCMM), the U.S. middle market saw a 5% increase in revenue growth compared to the S&P 500's 1% revenue increase last year -- demonstrating the mid-market's position as a key engine of growth for the U.S. economy. Mid-market business leaders expect an increased need for working capital, capital expenditures and acquisitions in 2014, says GE Antares Capital, a leading middle market lender to private equity-backed companies.
CHICAGO --- GE Antares, a unit of GE Capital, announced today that it is serving as administrative agent on a $166 million multi-currency, cross-border credit facility to support the acquisition of Luminator Technology Group, LLC by Audax Group. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
