GE Capital, Franchise Finance said it provided $11.9 million to BalRod Enterprises, a Wendy’s franchisee. The facility is being used to refinance existing debt and to purchase real estate.
Fitch Ratings published its first edition of the “High-Yield Retail Checkout,” a 300-plus-page report that provides a comprehensive analysis of the leveraged finance retail sector.
Pet Supplies Plus has completed the acquisition of its largest franchisee, consisting of 12 stores in Northeast Pennsylvania. Pet Supplies, a portfolio company of Irving Place Capital, is the third-largest pet specialty retailer in the United States.
Ares Capital said investment transactions closed in Q4/11 included three financing commitments to new portfolio companies totaling more than $640 million.
Main Street Capital said it completed lower middle-market portfolio investments totaling $42.7 million in the fourth quarter. In addition, the company said it completed private placement investments totaling $35.1 million.
TAB Bank provided $92.9 million in credit facilities for several businesses during the month of December. These facilities were provided for companies across a broad spectrum of industries.
In its latest monthly report, the Tatum survey of CFOs notes that business conditions have continued the upward turn seen last month. The report notes that capital expenditure commitments increased significantly to 30% from 21% in the past 30 days.
The U.S. Bureau of Labor Statistics reported that non-farm payroll unemployment rose by 200,000 in December, and the unemployment rate, at 8.5%, continued to trend down.
The Wall Street Journal reported that GE Capital has marketed $4 billion of bonds in three parts.