GE Capital Sole ABL Lender for Pacific Coast Feather
GE Capital, Corporate Finance announced it provided a $76.8 million asset-based credit facility as sole lender to Pacific Coast Feather Company, a manufacturer and distributor of high quality basic bedding products. The loan was used to refinance existing debt and to support ongoing working capital needs.
“Mid-size companies value financing solutions that offer them the flexibility and the means to reach their business goals,” said Bob McCarrick, chief commercial officer–lending at GE Capital, Corporate Finance. “We provide smarter, business-building capital to manufacturers and distributors to help them move forward.”
Seattle, WA-based Pacific Coast Feather Company manufactures luxury down and down alternative bedding for sale primarily to retailers and luxury hotels across the nation. The company specializes in a number of products including pillows, comforters, mattress pads and feather beds.