Rush Enterprises entered into an amendment with a lender group led by GE Capital Commercial as administrative agent for a facility that will provide $850 million to finance the company’s purchase of vehicle inventory and working capital.
GE Antares is serving as administrative agent on a $145.6 million credit facility to support the acquisition of Lazer Spot by Greenbriar Equity. GE Capital Markets served as co-lead arranger and co-bookrunner.
Reuters reported that the global head of GE Capital Markets, Stewart Koenigsberg, announced his intentions to retire, with the expectation of leaving the company later this year.
GE Antares is serving as administrative agent on a credit facility to support the acquisition of Gulfstream Services by The Jordan Company. GE Capital Markets served as joint lead arranger and joint bookrunner.
KPS Capital Partners said its portfolio company Expera Specialty Solutions completed a recapitalization by raising $270 million with a syndicate of banks. BofA Merill Lynch and GE Capital Markets acted as co-lead arrangers.
GE Antares, a unit of GE Capital, announced it served as administrative agent on a $555 million senior secured credit facility to support the acquisition of Duro Bag Manufacturing Company by Hilex Poly Company.
GE Antares is serving as administrative agent on a $166 million multi-currency, cross-border credit facility to support the acquisition of Luminator Technology Group by Audax Group.
GE Capital, Corporate Finance announced it is administrative agent on $135 million in senior secured financing for King’s Hawaiian. The financing supports the company’s production capacity and working capital.
KPS Capital entered into agreements to acquire Electrical Components International and affiliates. Transaction financing will be provided by a bank syndicate, with BofA, GE Capital and Fifth Third acting as lead arrangers.
GE Energy Financial Services, through GE Capital Markets, served as the lead arranger in a $97.4 million facility for Saguaro Power’s cogeneration project in Nevada. CIT Corporate Finance participated in the facility as a lender.