Daily News: August 22, 2013

GE Capital Serves as Co-Collateral Agent on KeHE Facility

GE Capital, Corporate Finance announced it is co-collateral agent on a $300 million asset-based credit facility for Romeoville, IL-based KeHE Distributors. The loan will be used to support ongoing working capital needs.

KeHE Distributors is a primarily employee-owned company and one of the largest distributors of food products in the North America, delivering to more than 28,000 retail outlets. KeHE provides natural and organic, specialty, gourmet and multi-cultural products to natural food stores, grocery stores and other specialty product retailers throughout the U.S.

“GE Capital has a keen understanding of the food industry that has helped us to secure the right financing,” said Chris Meyers, chief financial officer of KeHE. “Plus, they share industry insight and provide access to GE best practices to help build business.”

“We appreciate the challenges and opportunities mid-size companies face,” said Bob McCarrick, chief commercial officer—lending at GE Capital, Corporate Finance. “We work closely with manufacturers and distributors to provide flexible financing to help them succeed.”