Daily News: June 10, 2014

GE Capital Provides Accolade Wines Cross-Border Credit Facility

GE Capital announced it has provided Accolade Wines with a $300 million cross-border credit facility. The financing will enable the continued global growth of the business.

GE Capital facilitated financing across Australia, the United Kingdom, New Zealand and the United States, giving Accolade seamless access to capital in regions of operation. With its roots in one of the first wineries established in Australia, today Accolade sells wine in over 80 countries.

“GE understands the wine industry, which is an important aspect of our ongoing relationship,” said John Ratcliffe, CEO, Accolade Wines. “GE Capital’s ability to provide global financing will help us continue to grow our business.”

“We help mid-size companies in the food and beverage industry grow their brands,” said Chris Nay, senior managing director, Food & Beverage, GE Capital, Corporate Finance. “Our flexible financing solutions and global reach gives us the unique ability to help companies like theirs reach their goals.”