|
NORWALK, CT February 12, 2010 GE Capital, Corporate Finance today announced it is cocollateral
agent for a $300 million asset-based credit facility for Kehe Food Distributors, a leading
U.S. distributor of natural and specialty food products. The loan will be used to support the
company's acquisition strategy.
Kehe Food Distributors provides natural and organic, specialty and gourmet and multi-cultural
products to more than 33,000 natural food stores, grocery stores and other specialty product
retailers throughout North America. Headquartered in Romeoville, IL, and established in1952, Kehe
is an employee owned company.
"GE made a significant financial commitment to support our strategic objectives," said Chris Meyers,
CFO of Kehe Food Distributors. "We appreciate working with a lender who is responsive and
understands the unique aspects of our business and industry."
"Whether for growth, acquisitions or turnarounds, we specialize in critical capital for business," said
Tom Quindlen, president and CEO of GE Capital, Corporate Finance. "With deep industry expertise,
GE strives to provide food wholesalers, retailers and distributors with the flexibility and liquidity they
need to grow."
About GE Capital, Corporate Finance
GE Capital, Corporate Finance is one of the largest providers of asset-based, cash flow and
structured loans and leases for mid-size and large U.S. businesses. Financing supports working
capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace
& Defense, Automotive & Transportation, Chemicals & Plastics, Corporate Aircraft, Financial &
Business Services, Food, Beverage & Agribusiness, Government Finance, Manufacturing, Marine,
Metals & Mining, Paper, Packaging & Forest Products, Retail, Technology & Electronics. Visit
clnewsgelending.com/clnews.
GE Capital offers consumers and businesses around the globe an array of financial products and
services. For more information, visit gecapital.com or follow company news via Twitter
(@GECapitalNews). GE (NYSE: GE) is Imagination at Work - a diversified technology, media and
financial services company focused on solving some of the world's toughest problems. Visit ge.com
jeffrey.wilson@ge.com
ned.reynolds@ge.com
|