 |
 |
| A monthly eNewsletter on leveraged finance | August 2009 |
In this issue |
It’s hard to recall a more challenging environment for managing assets and raising capital than the one facing companies today. By now, the underlying problems affecting the global economy are well documented, and every major company has already been affected by the crisis in one way or another. Most are searching for ways to free up the cash they need to continue growing their business. In many cases, companies are seeking cash simply to stay afloat. Whatever situation you face, you’ll find some practical tips
inside to consider for managing in these volatile times. |
|||
| Market Minute | Corporate Retail Finance | |||
 |
|
|||
| Done Deals | Recent Transactions | |||
 |
Joint-Lead Arranger • $1 Billion • Asset-Based Credit Facility Based Harrisburg, PA, Rite Aid Corporation is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. GE Capital, Corporate Retail Finance committed $290 million to a $1 billion asset-based revolving line of credit. The loan will be used for working capital purposes. GE Capital Markets served as joint lead arranger.  Read the press announcement |
|||
 |
Co-Lead Arranger
• $800 Million • Exit Facility Based in Montreal, Canada, World Color Press Inc., formerly operating as Quebecor World Inc., is a worldwide leader in commercial printing. The loan will be used to support the company’s exit from bankruptcy protection under both a Plan of Reorganization and a Plan of Arrangement. GE Capital Markets and GE Capital Markets (Canada) Ltd. acted as joint-lead arrangers. Read the press announcement |
|||
 |
Co-Lead Arranger • $150 Million • Asset-Based Credit Facility Based in Smithfield, VA, Smithfield Foods, Inc., is one of the world's largest pork processors and hog producers. GE Capital, Corporate Finance provided a $150 million asset-based loan as part of a $1 billion revolving credit facility. The loan will be used to restructure. GE Capital Markets served as joint-bookrunner. Read the press announcement |
|||
 |
Sole Lead Arranger •
$50 Million • Plan Of Reorganization Credit Facility Based in Midvale, UT, Sportsman's Warehouse sells equipment, apparel, footwear and accessories for hunting, fishing and camping. GE Capital, Corporate Finance provided a $50 million plan of reorganization credit facility. 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. Read the press announcement |
|||
| Capital Comic | © Randy Glasbergen | |||
 |
||||
| Indices Watch | Trend Statistics | |||
 |
Retail Outlook: Key Indicators Point to Gradual Economic Recovery In 2010 According to this Retail Outlook survey, existing data points to a gradual "U-shaped" recovery as consumers shift toward value.  Learn More |
 |
Chapter 11 Business Filings For The 1H'09 Are Up 64% This is according to the latest bankruptcy data from the Administrative Office of the U.S. Courts. Learn More |
|
M&A Activity In Industrial Products Industry Begins To Show An Uptick Despite the year-over-year decline in M&A across the industrial products industry, some sectors began showing an increase in activity in 2Q'09. Learn More |
| Find financing now at http://www.gelending.com/ | |
Please add CapitaLensENewsletter@ge.com to your address book to ensure these messages pass through spam filters.
If you do not wish to receive any further CapitaLens eNewsletters from GE, kindly click here
We respect your right to privacy. View our policy
Copyright © 2009 GE Capital Corporation. All rights reserved. "GE," "General Electric Company," “General Electric," the GE Logo, and various other marks and logos used in this publication are registered trademarks, trade names and service marks of General Electric Company. You may reprint or forward this newsletter to others provided that it is reproduced or distributed in its entirety, including this disclaimer. For all other uses please contact Jeffrey Wilson.
This publication provides general information and should not be used or taken as business, financial, tax, accounting, legal or other advice, or relied upon in substitution for the exercise of your independent judgment. For your specific situation or where otherwise required, expert advice should be sought. The views expressed in these articles reflect those of the authors and contributors and not necessarily the views of GE Capital or any of its affiliates (together, “GE"). Although GE believes that the information contained in this publication has been obtained from and is based upon sources GE believes to be reliable, GE does not guarantee its accuracy and it may be incomplete or condensed. GE makes no representation or warranties of any kind whatsoever in respect of such information. GE accepts no liability of any kind for loss arising from the use of the material presented in this publication.