BETHESDA, Md.--11 February 2011-- GE Capital, Healthcare Financial Services announced today that it is agent and a lender for $55 million in senior secured credit facilities for eBioscience, Inc. The credit facilities will be used to finance the company's repurchase of certain shares from early investors, refinance existing debt, and provide growth capital. The financing includes a $45 million term loan and a $10 million revolving line of credit. GE Capital Markets served as sole lead arranger and bookrunner.
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BETHESDA, Md.--10 February 2011-- GE Capital, Healthcare Financial Services announced today that it has provided, as sole lender and agent, a $12.5 million senior secured multi-draw term loan facility to Oncothyreon Inc. The financing provides the company with working capital to support clinical development activities.
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Henry A. Hubschman, who had a distinguished career in law, government and business, died of cancer at the age of 63 in his Greenwich, Connecticut home on February 9, 2011. In the last twenty years of his life, he was a senior lawyer and then senior business executive at GE, beginning his career with the company as General Counsel of its Aircraft Engines division in 1992.
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NORWALK, Conn.--09 February 2011-- GE Capital, Corporate Finance today announced it is administrative agent on a $300 million asset-based revolving credit facility for Georgia Gulf Corporation, a leading chemicals company. The loan amends and extends an existing credit facility and will be used to support growth and working capital needs. GE Capital Markets served as co-lead arranger. GE Capital, Fleet Services also provides the company with fleet management services.
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Outlook positive after big comeback in 2010
NORWALK, CT -- This year is expected to be another strong one for leveraged loans, said Sage Nakamura, managing director of loan syndications with GE Capital Markets, Inc. GE Capital, Americas is a leading provider of commercial loans and leases to mid-market businesses across diverse industries throughout the U.S., Canada and Mexico.
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BETHESDA, Md.--01 February 2011-- GE Capital, Healthcare Financial Services announced today that it is administrative agent for $205 million in senior secured credit facilities for AccentCare, Inc., a premier provider of a full spectrum of home healthcare services, ranging from non-medical, personal care to home health, skilled nursing, hospice care and rehabilitation. The credit facilities will provide the company with additional growth capital and supported the acquisition of Guardian Home Care Holdings, Inc.
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BETHESDA, Md.--28 January 2011-- GE Capital, Healthcare Financial Services announced today that it has provided, as sole lender, a $12.5 million senior secured multi-draw term loan facility to XDx, Inc. ("XDx"). The financing provides XDx with working capital to expand the commercialization of its FDA-cleared, innovative, noninvasive AlloMap® molecular diagnostic test and pursue the development of other gene expression-based tests for autoimmune diseases including lupus.