NORWALK, Conn.--Tuesday, June 08, 2010-- GE Capital, Restructuring Finance today announced it is co-lender for a $175 million debtor-in-possession credit facility for Neff Rental, Inc., a national construction equipment rental company. The loan will be used for working capital needs as the company restructures through its prearranged plan under Chapter 11. GE Capital Markets served as co-lead arranger.
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BETHESDA, Md.--Tuesday, June 08, 2010-- GE Capital, Healthcare Financial Services provided, as administrative agent, $120 million in senior secured credit facilities to Schumacher Group, the third largest company serving the outsourcing emergency services management industry. The credit facilities will be used to provide the company with additional growth capital and to refinance existing indebtedness. GE Capital Markets served as lead arranger.
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NORWALK, Conn.--07 June 2010-- GE Capital, Corporate Finance today announced it is sole lender for a $75 million asset-based credit facility to Insteel Industries, Inc., a leading manufacturer of steel wire reinforcing products. The loan replaces an existing credit facility from GE and will be used to fund Insteel's working capital, capital expenditure, general corporate and growth requirements.
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Funding allows multi-unit development throughout the Southeast
SCOTTSDALE, Ariz.--Tuesday, May 25, 2010-- GE Capital, Franchise Finance provided $19.35 million in financing to Tappan Street Restaurant Group, Inc., owners of Taco Mac, based in Atlanta. The financing included a $13.35 million term loan to refinance general operating debt and a $6 million revolver for new-unit development. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.
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SCOTTSDALE, Ariz.--Tuesday, May 11, 2010-- GE Capital, Franchise Finance recently co-led the funding of a $36 million debt facility for the acquisition of Wingstop Restaurants, Inc. by an affiliate of Roark Capital Group, an Atlanta-based private equity firm specializing in franchising. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial, Inc.
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BETHESDA, Md.--Tuesday, May 11, 2010-- GE Capital, Healthcare Financial Services today announced it has provided an $11.25 million credit facility to Pacira Pharmaceuticals, Inc. The financing provides working capital, and facilitates advances toward regulatory approval and preparation for commercialization of Pacira's EXPAREL™ program.
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EDEN PRAIRIE, Minn.--Monday, May 10, 2010-- GE Capital Fleet Services today announced it identified $65 million in cost-savings for customers in the first quarter of 2010. Through its strategic consulting services, GE helps its customers cut costs and streamline fleet operations to maximize their return on fleet investments.