GE Capital Helps Waupaca Foundry Land a $200M Credit Facility

GE Capital, a Norwalk, Conn.-based finance group that provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses, served as the administrative agent on a $200 million credit facility secured by Waupaca Foundry, a Waupaca, Wi.-based iron foundry company. The monies are being used to support a dividend recapitalization.

Sterling Investment Partners Acquires Service Logic

Sterling Investment Partners has closed the acquisition of Service Logic through the acquisition of MSHC. Service Logic is a US provider of preventive and predictive maintenance services and related energy sustainability services for heating, ventilation and air conditioning systems. Credit Suisse’s Customized Fund Investment Group co-invested with Sterling, GE Capital led the senior credit facility and Babson Capital and PNC Erieview Capital provided subordinated debt for the transaction.

Amalgamated Capital Names D’Souza its Business Development Officer

Amalgamated Capital has tapped Mary D’Souza to be its business development officer. She will report to Robert Love, who directs the AmalCap division. D’Souza was an MD with GE Capital in New York. PRESS RELEASE Amalgamated Capital (AmalCap), the New York-based leveraged finance and asset-based lending division of Amalgamated Bank, has appointed Mary D’Souza as […]

Wind Point Recaps Hearthside Food with $400 Mln GE Antares Loan

GE Antares, a unit of GE Capital, said Monday it is providing a $400 million credit facility that is part of Wind Point Partners recap of Hearthside Food Solutions. Proceeds of the $400 million loan will be used to refinance debt and pay a dividend, according to Thomson Reuters Loan Pricing Corp. Wing Point acquired […]

GE Antares Provides $555 Mln Loan to TricorBraun

GE Antares, a unit of GE Capital, said it served as administration agent on a $555 million loan for TricorBraun. The loan will serve to to refinance TricorBraun’s outstanding debt and make a distribution to shareholders of affiliates via dividends and stock repurchases, the statement said. GE Capital Markets served as joint lead arranger and […]

The Talbots Nets $75M in Loans

The Talbots Inc., the listed retail store, has entered into a $75 million secured term loan with Wells Fargo Bank and amended its $200 million secured revolver with GE Capital. The new loan will mature in February 2017. PRESS RELEASE: Talbots Announces New $75 Million Secured Term Loan and Amendment of $200 Million Secured Revolving […]

GE Antares Backs ThermaSy Acquisition

GE Antares, a unit of GE Capital, announced Thursday that it had served as administrative agent on a $142 million senior credit facility to support the acquisition of ThermaSys by Wellspring Capital Management. GE Capital Markets served as sole lead arranger and bookrunner on the deal. PRESS RELEASE GE Antares, a unit of GE Capital, […]

Lightower Fiber Gets $380 Mln Loan from GE Capital

GE Capital’s TMT group has provided a $380 million credit facility to Lightower Fiber Netwrosk. Pamlico Capital, M/C Venture Partners and Ridgemont Equity Partners own Lightower. Boxborough, Mass.-based Lightower is a metro fiber network and bandwidth service company. PRESS RELEASE GE Capital’s Telecom, Media and Technology (TMT) financing business today announced it served as administrative […]

Check-Cap Gets GE Backing

GE Capital and GE Healthcare, the financial services and healthcare divisions of General Electric Company have invested in Check-Cap, a developer of an ingestible imaging capsule that may help detect colorectal cancer. The investment is being made through the GE healthymagination Fund, an equity fund that makes investments in healthcare technology companies. PRESS RELEASE GE […]

GE Capital Refinances Navarro Discount Pharmacy

GE Capital, Corporate Retail Finance is administrative agent and sole lender on a $65 million asset-based credit facility for Navarro Discount Pharmacy, a Hispanic-owned community drug store retailer in the US. The financing will be used to refinance debt and for general corporate purposes. PRESS RELEASE GE Capital, Corporate Retail Finance today announced it is […]

GE Capital Buying MetLife’s U.S. Retail Deposit Biz

GE Capital, through its bank affiliate GE Capital Financial Inc., announced Tuesday that it was buying MetLife’s U.S. retail deposit business. Terms of the deal were not released. The deal is expected to close in mid-2012.

GE Capital Provides $10M Debt to InfraReDx

GE Capital, Healthcare Financial Services has provided a $10 million senior secured multi-draw term loan to InfraReDx Inc., a medical device company focused on coronary artery and other vascular diseases. The money will go toward product commercialization. InfraReDx is basd in Burlington, Mass.

GE Capital and GE Healthcare Back C8 MediSensors

GE Capital and GE Healthcare have put an undisclosed amount of financing into C8 MediSensors Inc., a developer of non-invasive continuous glucose monitors for diabetic patients. The investment comes through the GE healthymagination Fund. Details of the investment were not released.

Radius Celebrates Second Round

Radius Health has closed the second of its three-tranche $91 million financing round announced in May 2011. The $27.65 million second tranche included $21.4 million in equity financing from Radius’ current investors and $6.25 million in debt financing from GE Capital, Healthcare Financial Services and Oxford Finance LLC, bringing gross proceeds received to date from […]

Vision Refinances BrightHouse

Vision Capital has completed the debt refinancing of BrightHouse, a UK rent-to-own retailer, with over 100 million pounds (US$ 159.5 million) of senior debt facilities. The financing was provided by a consortium of Lloyds Banking Group, GE Capital and Ares Capital Europe and will be used for repayment of existing financing and working capital. PRESS […]

Nomura Set to Buy GE Capital Unit in China

(Reuters) – Nomura Holdings is set to buy a China unit of GE Capital, in a deal allowing Japan’s largest brokerage to expand deeper into the Chinese financial market. While Nomura has had a presence in China for around three decades, the purchase of the GE unit would put the Japanese bank in a stronger […]

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