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| A monthly eNewsletter on leveraged finance | February 2011 |
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Private Company M&A Lessons Learned |
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The State of the Leveraged Loan Market |
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Done Deals |
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Capital Comic |
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Indices Watch |
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CapitaLens Archive |
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Many companies survived the downturn by focusing on costs. As the economy improves and the M&A market heats up, middle-market companies are refocusing on strategic acquisitions for growth. However, there are new realities in the M&A market and privately held firms tend to have limited experience and resources to ensure a successful deal. Read on for lessons learned from middle-market private companies that may help you avoid pitfalls and get back into the M&A game successfully.
Read more
The State of the Leveraged Loan Market
The leveraged loan market is expected to surge in 2011 as investor demand builds on the momentum gained in 2010. Smart borrowers understand the importance of knowing who is making, holding and servicing their loan—especially when they need modifications. In this video, Sage Nakamura, managing director of loan syndications with GE Capital Markets provides an update on what’s driving supply and demand in the syndicated loan market.
Watch video
Administrative Agent • $505 Million • Debtor-in-Possession Credit Facility
GE Capital, Restructuring Finance as the administrative agent provided a $505 million debtor-in-possession (DIP) credit facility to Borders Group, Inc., a specialty book retailer. Borders will use the financing for working capital as the company reorganizes under Chapter 11. GE Capital Markets is sole lead arranger.
Read the press announcement
Administrative Agent • $300 Million • Asset-Based Credit Facility
GE Capital, Corporate Finance is administrative agent on a $300 million asset-based revolving credit facility for Georgia Gulf Corporation, a leading chemicals company. The loan amends and extends an existing credit facility and will be used to support growth and working capital needs. GE Capital Markets served as co-lead arranger.
Read the press announcement
Administrative Agent • $200 Million • Asset-Based Credit Facility
GE Capital, Corporate Finance served as administrative agent in a $200 million asset-based credit facility to Sotheby’s, one of the world's pre-eminent auction houses. The funds will provide the company with general working capital. GE Capital Markets served as lead arranger.
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Business Executives Optimistic Over M&A Prospects Pointing to large corporate cash reserves and low interest rates, U.S. business leaders are more optimistic about M&A according to this survey of nearly 1,000 executives. Learn more |
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Directors, Lenders Ask Tougher Questions About Transaction Merits According to this survey, dealmakers post-crisis are more deliberate about objectively challenging the key assumptions that drive future M&A results. Learn more |
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Equipment Finance Market Confidence Reaches New High This market index shows that banks and equipment finance companies are bullish about the current and future state of capital spending and equipment finance. Learn more |
| Contact: Jeff Wilson, Marketing Communications Leader GE Capital - (800) 326-6342 - jeffrey.wilson@ge.com Find financing now at www.gecapital.com/americas |
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Copyright © 2011 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.