GA Capital Announces Term Loan to Bashas’
GA Capital, a subsidiary of Great American Group, will serve as the administrative agent and collateral agent on a $95 million secured term loan facility to Bashas’, Inc., an Arizona-based, family-owned and -operated grocery chain. The $95 million term loan facility, which matures in 2015, is part of a larger re-financing effort by the company, which includes a new $75 million senior secured asset-based credit facility that matures in December 2015.
“We are thrilled to have completed this transaction with the Bashas’ ownership and management team, and look forward to growing the relationship,” said Daniel Platt, president of GA Capital.
Term loan lenders include funds managed by an affiliate of Stone Tower Capital, funds managed by Tennenbaum Capital Partners, Wells Fargo Capital Finance and GB Merchant Partners.