BETHESDA, MD -- June 8, 2012 --- GE Capital, Healthcare Financial Services announced today that it was sole lender and administrative agent on a $4 million multi-draw senior secured term loan facility for Femasys, Inc. The financing will be used for working capital to support new product development and commercialization efforts.
TORONTO, June 6, 2012 - GE Capital, Corporate Finance today announced that it co-led $265 million in revolving and term loan credit facilities for Clearwater Seafoods (TSX: CLR, CLR.DB.B, CLR.DB.A). The facilities will be used to refinance Clearwater's existing debt and support growth. GE Capital Markets structured the loans and served as joint lead arranger of the credit facilities.
Founded in 1976, Clearwater is one of North America's largest vertically integrated seafood companies.
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* Located at GE Capital Fleet Services' headquarters in Eden Prairie, Minn., the center allows GE customers to experience electric, natural gas, propane, hydrogen and other formats of alternative fuel vehicles
* The center reinforces GE's commitment to accelerating the adoption of alternative fuel vehicles that maximize resources, drive efficiency and make the world work better
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Commercial foodservice traffic to grow 1.7% 2012-2016
TORONTO -- Quick-service restaurant (QSR) outlets will likely see the greatest sales gains in the years ahead even as full-service restaurants (FSRs) become less popular, according to the first annual Canadian Chain Restaurant Industry Review, an extensive research report commissioned by GE Capital and compiled by fsSTRATEGY and NPD Group Canada. Today, QSRs capture 64% of total foot traffic and 44% of all sales at commercial restaurants, while FSRs see 25% of traffic and 49% of industry dollars.
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NORWALK, Conn.--25 May 2012-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $200 million asset-based credit facility for School Specialty, Inc., a leading provider of resources and services for pre-Kindergarten to 12th grade educators. The loan will be used for working capital and general corporate purposes to support long-term growth. GE Capital Markets served as co-lead arranger and joint bookrunner.
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EDEN PRAIRIE, Minn.--24 May 2012-- Forty-six percent of fleet managers cite cost savings as the primary focus of executive management as it relates to their company's fleet operations, according to a recent survey conducted by GE Capital Fleet Services. This was followed by on-time delivery and service, driver safety and resource productivity (all 15 percent).
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Vendor-subsidized program gives dealers more working capital for longer period
HOFFMAN ESTATES, IL -- GE Capital's Commercial Distribution Finance (CDF) business has been selected by Groupe Beneteau, the North American business of France's Groupe Beneteau (Euronext: BEN), as a preferred provider of floorplan financing for its retail dealerships.
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CHICAGO--16 May 2012-- GE Antares, a unit of GE Capital, today announced it served as administration agent on a $555 million senior secured credit facility to TricorBraun Inc. The financing consisted of a $75 million senior revolving credit facility and a $480 million term loan facility, and served to refinance outstanding debt and make a distribution to shareholders of affiliates via dividends and stock repurchases. TricorBraun will also use the funding to support its ongoing organic and acquisition-driven strategic growth.
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Funds refinancing
SCOTTSDALE, Ariz.--16 May 2012-- GE Capital, Franchise Finance recently provided a $4.1 million credit facility to Hinz JJ, LLC, a Jimmy John's franchisee. The financing included $2.6 million to refinance debt and a $1.5 million development line of credit. The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.