NORWALK, CT-- April 24, 2012 --- GE Capital, Corporate Finance today announced it has provided $32 million in term financing and a $25 million asset-based revolver for Apio, Inc., a leading fresh-cut specialty packaged vegetable supplier, processor and distributor. The financing was used to acquire GreenLine Foods, Inc., a leading processor and distributor of produce, and to provide working capital. GE Capital Markets served as lead arranger on a portion of the term financing.
Improving U.S. economy spurs new and replacement purchases
MOBERLY, MO -- In remarks leading up to next week's ITEX Expo & Conference in Las Vegas, GE Capital's Office Imaging team noted that total OI industry unit shipments are expected to grow 3% this year, with the fastest-growing industry segment being value-added devices paired with services and supplies. Sales of color office imaging devices are showing more modest growth, while sales of black-and-white ones are declining.
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NORWALK, Conn.--13 April 2012-- GE Capital, Corporate Finance today announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Company, one of the nation's leading privately-held building materials and services suppliers to professional contractors and build-it-yourselfers. The loan will be used to refinance existing debt and for working capital purposes.
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BETHESDA, MD -- April 4, 2012 --- GE Capital, Healthcare Financial Services announced today that it is administrative agent on $193 million in senior secured credit facilities for DSI Renal, Inc. The financing supports DSI's acquisition of 54 dialysis clinics from Fresenius Medical Care AG, and makes DSI the fourth largest for-profit provider of dialysis services in the country. GE Capital Markets served as joint lead arranger and joint book runner on the facilities.
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NORWALK, Conn.--27 March 2012-- GE Capital, Corporate Finance today announced it is administrative agent for a $350 million asset-based credit facility to Shale-Inland Holdings, LLC to support the acquisition of HD Supply Industrial PVF, a distributor of specialty pipe, valves and fittings. GE Capital Markets served as sole bookrunner and joint-lead arranger.
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NORWALK, Conn.--26 March 2012-- GE Capital, Corporate Finance today announced it is an administrative agent in a $52 million U.S. and Canadian cash flow credit facility for Germany-based Wanzl Group, one of the world's largest manufacturers of shopping carts.The loan will be used to support the acquisition of Cari-All Group, a leading manufacturer of shopping carts in North America. GE Capital Markets served as co-lead arranger and joint bookrunner.
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Funds acquisition
SCOTTSDALE, Ariz.--23 March 2012-- GE Capital, Franchise Finance provided a $30 million credit facility to Shelton Restaurant Group, LLC, a Popeyes® Louisiana Kitchen franchisee. The financing is being used to acquire 29 Popeyes units in the Lafayette, Louisiana area. The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
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Funds acquisition, store development and refinancing
SCOTTSDALE, Ariz.--20 March 2012-- GE Capital, Franchise Finance provided $4.5 million to KK Group of Companies, a SUBWAY® franchisee. The financing includes a $3.5 million term loan to refinance existing debt and a $1 million development line of credit to fund the acquisition of one new store and for the remodeling and reimaging of four existing units. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
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EDEN PRAIRIE, Minn.--19 March 2012-- GE Capital Fleet Services today announced the launch of a new toll management program for fleet managers that increases their visibility of and control over toll expenses, while reducing administrative tasks and cost burdens. This new program is being unveiled as U.S. states and municipalities increasingly use toll collection as a source of revenue with the average toll violation increasing 20 percent from 2010 to 2011 to $60 per violation.