NORWALK, Conn.--13 April 2009-- GE Antares, a unit of GE Capital, today announced that it has agented a $115 million senior credit facility to facilitate Wind Point Partner's acquisition of Hearthside Food Solutions. The financing consists of a $20 million five-year revolving credit facility, and a $95 million five-year term loan A.
GE Antares served as Administrative Agent and GE Capital Markets was Joint Lead Arranger and Joint Bookrunner for the transaction.
GE Capital Solutions Fleet Services' Receives Its 10th ASE's Blue Seal of Excellence
GE Capital Solutions Fleet Services today announced that it has been awarded the Blue Seal of Excellence from the National Institute for Automotive Service Excellence (ASE) for the 10th year. ASE, the industry-leading certification program for automotive professionals, awards the Blue Seal of Excellence to businesses that showcase highly qualified repair facilities and commitment to excellent services. Recipients have to maintain a staff certification level of at least 75 percent.
GE BETHESDA, Md.--03 April 2009-- GE Capital's Healthcare Financial Services business today announced it has provided a $25 million senior secured credit facility to Regency Healthcare Group based in Brentwood, TN. The company will use the loan to refinance existing debt and for growth capital. Regency is a portfolio company of EDG Partners, LLC. GE Capital Markets, Inc. arranged the transaction.
NORWALK, CT-- March 23, 2009 --- GE Capital's corporate lending business today announced it provided a $175 million accounts receivable securitization facility to Georgia Gulf Corporation, a leading chemicals company. The proceeds will be used for working capital needs.
In this type of structure, GE provides an asset-based loan secured by the company's accounts receivables.
NORWALK, Conn.--16 March 2009-- GE Capital's Healthcare Financial Services business today announced an $89 million senior credit facility provided to Vesta Inc., a RoundTable Healthcare Partners portfolio company. A portion of the proceeds was used to complete the acquisition of ExtruMed LLC.
ExtruMed is an independent manufacturer of high precision thermoplastic tubing for diagnostic and therapeutic medical devices and procedures.
GE Capital Solutions Fleet Services has renewed its membership in the American Automotive Leasing Association (AALA).
GE Capital Solutions Fleet Services has renewed its membership in the American Automotive Leasing Association (AALA). AALA's primary goal is to ensure that the business interests of the fleet leasing industry are properly represented before Congress, the Executive Branch and regulatory agencies.
Mitchell acquires Cash Distributing, grows to Mississippi's second largest Anheuser-Busch distributor
SCOTTSDALE, Ariz.--25 February 2009-- GE Capital Solutions, Franchise Finance announced today a multi-million dollar loan for Mitchell Distributing in Meridian, Miss., for the purchase of Cash Distributing, a neighboring beverage distributor, elevating Mitchell Distributing to the second largest Anheuser-Busch wholesaler in the state.
