CHICAGO --- October 26, 2011 --- GE Capital today announced it served as the administrative agent on a $900 million asset-based senior secured credit facility for BJ's Wholesale Club, Inc. The funds were used to support the acquisition of BJ's by Leonard Green & Partners, L.P. and CVC Capital Partners. GE Capital Markets acted as joint lead arranger and joint bookrunner.
BJ's Wholesale Club, headquartered in Westborough, Mass., operates warehouse clubs in the eastern U.S. with more than 190 clubs throughout 15 states.