Daily News: June 23, 2014

GE Capital Finances New Chicago Brewery for Lagunitas

GE Capital, Corporate Finance announced it is providing Lagunitas Brewery with a $20 million credit facility to equip the company’s new Chicago brewery.

“Lagunitas has been on a remarkable growth trajectory, and we are excited to be able to work with them to expand to a new brewery in Chicago,” said Chris Nay, senior managing director, Food & Beverage, GE Capital, Corporate Finance. “Helping mid-size companies achieve their growth plans is our specialty.”

“GE Capital understands the craft beer industry and worked closely with us to develop the right financing solution,” said Tony Magee CEO of Lagunitas. “Having a lender with targeted industry expertise helps us to meet our growth and expansion needs.”

Petaluma, CA-based Lagunitas is one of the nation’s fastest-growing craft brewers.