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CapitaLens GE
A monthly eNewsletter on leveraged finance October 2010

In this issue

Six Characteristics of Firms That Maintain Capital Investment in a Downturn
What You Can Expect When Seeking Turnaround Finance
Done Deals
Capital Comic
Indices Watch
CapitaLens Archive
Six Characteristics of Firms That Maintain Capital Investment in a Downturn Six Characteristics of Firms That Maintain Capital Investment in a Downturn

During the financial crisis, many corporations shifted into survival mode, slashing expenses in order to maintain enough liquidity to pay down debt or provide a backstop against future financial meltdowns. However, some resisted the urge to cut investment in long-term productive corporate assets like property, plant and equipment. What kinds of companies are they? What are their strategies? How have they managed to keep investing for the long-term in the face of a powerful economic downturn?   Read more
   
What You Can Expect When Seeking Turnaround Finance

What You Can Expect When Seeking Turnaround Finance
Despite some improvement in the economy, many companies have postponed the day of reckoning and will ultimately still need to restructure. Whether you're seeking debtor-in-possession or exit financing today, it's a much different environment than it was a year ago. At the 2010 Reuters Restructuring Summit in NY, Rob McMahon, senior managing director, GE Capital, provides some perspective on the current state and outlook for turnaround finance.
GE Watch video (05:12 minutes)
Done Deals Recent Transactions
Done Deals - Neff Rental, Inc.

Co-Agent • $175 Million • Exit Facility
GE Capital, Restructuring Finance is co-agent for a $175 million plan of reorganization revolving credit facility to Neff Rental, Inc., a national construction equipment rental company. The financing supports working capital needs as the company emerges from Chapter 11. GE Capital Markets served as joint-lead arranger.   Read the press announcement
Done Deals - Portola Packaging, Inc.

Administrative Agent • $53 Million • Cash Flow Credit Facility
GE Capital, Corporate Finance is administrative agent for a $53 million cash flow credit facility to Portola Packaging, Inc., a leading designer, manufacturer and marketer of tamper-evident plastic closures. Portola is a portfolio company of Wayzata Investment Partners. The loan supports the company's recapitalization. GE Capital Markets served as lead arranger. 
 Read the press announcement
Done Deals - Planet Fitness

Agent • $40 Million • Credit Facility
GE Capital, Corporate Finance is agent for a $40 million cash flow revolving credit facility to Planet Fitness, a leading fitness center owner, operator and franchisor. The financing will be used for working and growth capital and the facility may be increased to $50 million under certain conditions. GE Capital Markets served as sole lead arranger.
 Read the press announcement

View more transactions

Capital Comic © Randy Glasbergen
 
Capital Comic

Indices Watch Trend Statistics
Indices Watch Syndicated Loan Credit Quality Improves But Remains Weak
According to the Shared National Credit Review, large syndicated loans remain in jeopardy of defaulting and causing losses despite improved credit quality second quarter.   Learn more
Indices Watch Leveraged Loan Market Reaches New Normal
From debt-to-earnings ratios to secondary market prices, statistics show that the leveraged loan market has normalized in the third quarter.   Learn more
Indices Watch CFOs Expect Second-Half 2011 Recovery
According to this survey of finance chiefs, the vast majority believe that the U.S. economy will not recover until the second half of 2011 or later.   Learn more
Find financing now at www.gecapital.com/americas

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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.