NORWALK, CT-- September 16, 2011 --- GE Capital, Corporate Finance today announced it is co-syndication agent on a $600 million cash flow-based revolving credit facility for MasTec, Inc. (NYSE:MTZ), a leading infrastructure construction company. The financing will be used for growth and general corporate purposes. GE Capital Markets served as joint lead arranger and book manager.
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NORWALK, Conn.--09 September 2011-- GE Capital, Corporate Finance today announced it is the administrative agent for a $90 million asset-based credit facility for Caraustar Industries Inc., a leading manufacturer of recycled and converted paperboard products. The loan will be used to refinance debt and support working capital needs. GE Capital Markets served as lead arranger and bookrunner.
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BETHESDA, MD-- August 31, 2011 --- GE Capital, Healthcare Financial Services announced today that it has closed, as administrative agent, $115 million in senior secured credit facilities for Evolution1 (formerly Evolution Benefits, Inc.), a portfolio company of Genstar Capital, LLC. The financing was used to recapitalize Genstar's acquisition of Evolution Benefits and support the company's acquisition of Lighthouse1, LLC. GE Capital Markets served as sole lead arranger and joint bookrunner.
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Funds acquisition and development of additional stores
SCOTTSDALE, Ariz.--24 August 2011-- GE Capital, Franchise Finance recently provided $2.15 million to Pizza Project, LLC, a Domino's® Pizza franchisee. The facility included a $1.45 million term loan for the acquisition of existing Domino's units as well as a $700 thousand development line of credit for the development of additional stores throughout the San Francisco, CA area.
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GE Capital will become the exclusive provider of floorplan financing for Briggs & Stratton Power Products Group LLC (BSPPG) in the U.S. and Canada. Headquartered in Wauwatosa, WI, BSPPG offers residential and outdoor power equipment under a variety of brand names.
HOFFMAN ESTATES, IL -- GE Capital, Commercial Distribution Finance (CDF) today announced that it will become the exclusive provider of floorplan financing for Briggs & Stratton Power Products Group LLC (BSPPG) in the U.S. and Canada.
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BETHESDA, Md.--19 July 2011-- GE Capital, Healthcare Financial Services announced today that it has closed, as administrative agent, $78 million in senior secured credit facilities for JHP Pharmaceuticals, LLC. In addition to refinancing certain existing indebtedness of the company, the credit facilities provide JHP with additional growth capital. GE Capital Markets served as joint lead arranger and sole bookrunner.
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Eden Prairie, MN -- July 8, 2011 -- GE announced today that its national electric vehicle tour will stop in Minneapolis for an event on July 11 that will bring GE experts together with local businesses, industry leaders, and public sector stakeholders for educational workshops, test drives, and dialogue on the business case for EV ecosystems.
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BETHESDA, MD -- July 7, 2011 --- GE Capital, Healthcare Financial Services today announced it is serving as administrative agent on $2.1 billion of senior secured credit facilities for Alere Inc. (NYSE: ALR). The loans refinance existing credit facilities and provide additional capital to support the company's growth strategy. GE Capital Markets served as joint lead arranger and joint book runner for the credit facilities.
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Funds refinancing and new unit development
SCOTTSDALE, Ariz.--06 July 2011-- GE Capital, Franchise Finance recently completed a $13.9 million transaction with Wings Across America, LLC, a Buffalo Wild Wings® franchisee. The funding includes a $9,400,000 refinance term loan and a $4,500,000 new unit development line of credit. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.