GE Antares announced it is serving as administrative agent on a $160 million senior secured credit facility to support the acquisition of PPC Industries by Kohlberg. GE Capital Markets served as lead arranger and bookrunner on this facility.

“We’re pleased to provide debt financing and a minority equity investment to Kohlberg in support of their acquisition. In partnership with management, Kohlberg will be a valuable strategic partner to PPC as they pursue further growth.”

“GE Antares has been a trusted lender of Kohlberg’s for many years,” said Seth Hollander, partner at Kohlberg. “Their expertise in the middle market, knowledge of PPC and ability to move quickly through the approval and closing process made them a logical choice to lead the financing. We continue to benefit from our longstanding relationship with GE Antares.”

“Since becoming part of our portfolio in 2006, we’ve seen PPC grow and exceed expectations,” said Chet Zara, senior managing director of GE Antares. “We’re pleased to provide debt financing and a minority equity investment to Kohlberg in support of their acquisition. In partnership with management, Kohlberg will be a valuable strategic partner to PPC as they pursue further growth.”

PPC Industries is a provider of highly engineered specialty plastics for applications in niche segments of the medical pharmaceutical, food and industrial markets.