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| A monthly eNewsletter on leveraged finance | September 2008 |
In this issue
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Like a Hollywood monster that is impervious to bullets, the credit crisis refuses to lie down and die. The authorities have bombarded it with interest-rate reductions, tax cuts, special liquidity schemes and bank bail-outs, but still the creature lumbers forward, threatening new victims with every step. Global stockmarkets are suffering double-digit losses this year, and credit markets are once again gummed up.
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| Market Minute | Capital Markets | |||||||||||||||
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Watch Glenn Autorino, managing director of GE Capital Markets, discuss two of the most critical factors impacting leveraged loan syndication. Watch video |
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| Done Deals | Recent Transactions | |||||||||||||||
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Sole Lead Arranger • $110,000,000 • Plan of Reorganization Credit Facility Based in Rochester Hills, MI, DURA Automotive Systems, Inc., is an independent designer and manufacturer of auto parts to the automotive industry worldwide. Their products include driver control systems, seating control systems, glass systems, structural door modules and exterior trim systems. The $110 million plan of reorganization credit facility will be used to complete the company’s reorganization as it emerges from bankruptcy. GE Capital Markets arranged the transaction. In 2006, GE also provided the company with a $115 million debtor-in-possession credit facility to support the company’s Chapter 11 filing. |
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| Capital Comic | © Randy Glasbergen | |||||||||||||||
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| Indices Watch | Trend Statistics | |||||||||||||||
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Outlook: Less M&A, More Restructurings Read the latest Baird & Co.‘s Merger Monthly report that shows declining M&A deal flow and predicts increasing debt restructuring activity.  Learn More |
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CEO Survey: Confidence Picks Up In Third Quarter of ‘08 Learn why this index measuring U.S. CEO confidence increased to 78.8 in the third quarter of 2008, up from 74.5 in the second quarter. Learn More |
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CFO Turnover Hits Record High Find out why roughly half of the CFOs at Fortune 500 and S&P 500 companies stay in their posts for three years or less. Learn More |
| Find financing now at www.gelending.com | |
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Copyright © 2008 GE Commercial Finance. 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 Corporate Lending 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.