HOFFMAN ESTATES, Ill.--Thursday, December 03, 2009-- GE Capital, Commercial Distribution Finance (CDF) today announced that it will acquire over $200 million of dealer floorplan financing receivables for the Arctic Cat dealer network in the USA. GE Capital will be acquiring the portfolio from Arctic Cat's former financier, Textron Financial Corporation and is now the exclusive provider of inventory finance for Arctic Cat under a multi-year program.
NORWALK, Conn.--Wednesday, November 25, 2009-- GE Capital, Corporate Retail Finance today announced it was a co-lender for a $500 million asset-based credit facility to Saks, Inc., a department store retailer. The loan will be used for working capital needs and general corporate purposes. GE Capital Markets served as joint lead arranger.
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Increased demand for restructuring finance expected to continue through 2010
NORWALK, Conn.--Thursday, November 12, 2009-- GE Capital, Restructuring Finance ended 3Q as one of the most active providers of debtor-in-possession (DIP) and plan-of-reorganization (POR) financing in the U.S. and Canada, arranging or deploying approximately $2 billion throughout the first nine months of the year.
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NORWALK, Conn.--Thursday, September 24, 2009-- GE Capital, Corporate Retail Finance today announced it acted as co-collateral agent for a $403 million asset-based credit facility to BCBG Max Azria Group, a leading designer, retailer and distributor of women's apparel and accessories. The loan will be used for working capital needs. The facility may be increased up to $450 million if certain conditions are met.
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NORWALK, Conn.--Wednesday, September 23, 2009-- GE Capital, Corporate Retail Finance announced it acted as collateral agent on a $200 million asset-based credit facility for Quiksilver (NYSE:ZQK), a leading retail apparel and footwear manufacturer. The loan, which was previously announced by the company, will be used for working capital needs. GE Capital Markets served as co-lead arranger.
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NORWALK, CT-- September 8, 2009 --- GE Capital, Corporate Finance today announced it is administrative agent for a $151 million asset-based credit facility to Kumho Tire U.S.A., Inc., the U.S. distributor of South Korea-based Kumho Tire Co., Inc. GE Capital Markets served as co-lead arranger. The loan will be used for working capital needs.
Founded in 1975 and headquartered in Rancho Cucamonga, CA, Kumho Tire U.S.A. is the U.S. distribution arm of Kumho Tire Co., the Seoul, South Korea manufacturer and distributor of tires for passenger cars, trucks and other vehicles.
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NORWALK, Conn.--21 August 2009-- GE Capital today announced it led a $316 million accounts receivable securitization facility for SunGard Data Systems Inc., one of the world's leading software and information technology services companies. The loan will be used for working capital needs. GE Capital Markets was sole lead arranger on the transaction.
The financing is structured as an asset-based loan secured by certain trade accounts receivables. The facility may be increased to $500 million, subject to certain conditions.
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NORWALK, Conn.--20 August 2009-- GE Capital, Corporate Finance today announced it provided a $50 million plan of reorganization credit facility to Sportsman's Warehouse, an outdoor sporting goods retailer. The loan was used upon the company's recent emergence from Chapter 11 to refinance the $85 million debtor-in-possession financing GE Capital provided the company in March.
Based in Midvale, UT, Sportsman's Warehouse sells equipment, apparel, footwear and accessories for hunting, fishing and camping.