BETHESDA, MD, AUG. 12, 2014 --- GE Capital's Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $12.5 million for Cardiva Medical, Inc. The financing is comprised of a $10 million term loan and a $2.5 million asset-based revolving loan.
CHICAGO -- GE Capital today announced it is providing Rentech Nitrogen Partners, L.P. (NYSE: RNF) with a $50 million cash flow financing for a series of capacity expansion projects to support the partnership's future growth. The facility will also be available, if needed, for general partnership purposes. The partnership, headquartered in Los Angeles, is a leading provider of natural gas-based nitrogenous fertilizers, with manufacturing facilities located in East Dubuque, IL and Pasadena, TX.
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Invest in Success program also brings training and ongoing support
SALT LAKE CITY, UT, AUG. 5, 2014 --- GE Capital Bank is providing training, management expertise and funding grants to six community organizations that serve rural Utah. Called "Invest in Success," the program helps non-profit leaders build essential skills through courses designed to emulate corporate executive education seminars. The program is presented in conjunction with the Community Foundation of Utah and Fifth Ocean Consulting.
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SCOTTSDALE, AZ, JULY 28, 2014 --- GE Capital's Franchise Finance business announced today that it has loaned $39.4 million to Cotti Foods for the acquisition of 39 Wendy's restaurants, the remodeling of existing units and the development of new units.
Cotti purchased the units --- 32 in the greater Los Angeles market as well as seven in Hawaii --- from Wendy's International Inc. In total, Wendy's® has sold 418 company-operated restaurants across 13 U.S. markets, primarily in the West, to align restaurant ownership and generate a more predictable revenue stream.
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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.
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BETHESDA, MD --- GE Capital's Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $9 million for USGI Medical, Inc., a San Clemente, CA-based company that develops endoscopic procedures for obesity and other advanced therapeutic endoscopy applications.
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NORWALK, CT -- GE Capital, Corporate Retail Finance today announced it is providing Brookstone, the product development company and specialty retailer, with a $115 million senior credit facility. The financing will be used to support the company's recent acquisition by Sailing Innovation (Sailing) and general working capital needs.
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NORWALK, CT -- GE Capital today announced it is providing MerchSource LLC with a $130 million senior credit facility providing working capital for the company's operations in the U.S. and Hong Kong.
MerchSource, headquartered in Irvine, CA, ideates, designs, develops and distributes a variety of consumer products in categories including electronics, toys, home décor, household accessories and pet supplies. Their products are sold in some of the nation's largest retailers including Bed Bath & Beyond, CVS, Kohl's, Macy's, Target, Walgreens and Wal-Mart.
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BETHESDA, MD, JULY 11, 2014 --- GE Capital's Healthcare Financial Services (HFS) business announced today that it is the sole lender on a $10 million senior secured term loan for OraMetrix, Inc. This transaction refinances the company's previous $7.5 million multi-draw senior secured term loan facility and provides it with an additional $2.5 million. Based in Richardson, TX, OraMetrix produces SureSmile, a digital and robotic system for orthodontic treatment. The funds will be used for working capital and growth initiatives.