Daily News: May 16, 2012

GE Antares Capital Provides $555 Million Facility to TricorBraun

GE Antares announced it served as administration agent on a $555 million senior secured credit facility to TricorBraun Inc. The financing consisted of a $75 million senior revolving credit facility and a $480 million term loan facility, and served to refinance outstanding debt and make a distribution to shareholders of affiliates via dividends and stock repurchases. TricorBraun will also use the funding to support its ongoing organic and acquisition-driven strategic growth. GE Capital Markets served as joint lead arranger and co-bookrunner on the transaction.

Headquartered in St. Louis, MO, TricorBraun, Inc. is a full-service provider of outsourced rigid packaging solutions in North America. CHS Capital(TM) acquired a controlling interest in TricorBraun in 2006.

“Our previous work with GE Antares enabled them to anticipate our needs and structure a deal which supports our short and long-term goals,” said David Hawkins, partner at CHS Capital. “We appreciate the team’s responsiveness and look forward to working together to support the continued growth of the business.”

“We look forward to continuing to partner with GE Antares and CHS Capital and value their support of our business and growth plans,” said Keith Stope, President and CEO at TricorBraun Inc. “We have a long-standing relationship with GE Antares, dating back to 1997, and are pleased to continue it.”

“Having been a lender to TricorBraun for nearly 15 years, we are very excited to continue our relationship and support as they work with CHS Capital to continue to build out this dynamic platform,” said Dan Barry, senior managing director at GE Antares Capital.

“TricorBraun’s unique product design capabilities coupled with their sourcing and distribution expertise have contributed to the Company’s success and leading market position,” said Brian Polomsky, senior vice president at GE Antares Capital.

CHS Capital is a Chicago-based private equity firm with 24 years of experience investing in the middle market.