Daily News: January 8, 2014

GE Capital Agents $285MM Harley Marine Facilities

GE Capital, Corporate Finance announced it is serving as administrative agent on $285 million of senior-secured revolving and term credit facilities to Harley Marine Services. GE Capital Markets served as sole bookrunner and sole lead arranger on the transactions.

The credit facilities will recapitalize the company and provide additional funds for growth initiatives.

“GE Capital has been a valued financing partner of ours for almost 25 years,” said Harley Franco, CEO, Harley Marine. “They really understand how to help our business grow, and we especially value their structuring expertise and capital markets capabilities.”

“We are pleased to support the next stage of growth at Harley Marine,” said Bob McCarrick, chief commercial officer—lending, at GE Capital, Corporate Finance. “We specialize in providing capital to help build middle-market companies.”

Harley Marine is a marine petroleum transportation company with operations on the West Coast, Gulf Coast and New York, operating over 100 marine vessels.