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A monthly eNewsletter on leveraged finance	October 2009

In this issue ABL Market Update--Lenders See Improved Liquidity Dynamics Impacting Turnaround Finance Done Deals Capital Comic Indices Watch CapitaLens Archive	Asset-based lenders are feeling good − certainly much better than six or nine months ago. After a rather slow start to the year − when market turbulence gave way to liquidity constraints, in turn raising questions about who was around to lend − some semblance of tranquility has returned to the capital markets.  Read more
Restructuring Finance Perspective		Q&A
	Dynamics Impacting Turnaround Finance Rob McMahon, Managing Director, GE Capital, Restructuring Finance was interviewed by Reuters TV anchor Jen Rogers at the 2009 Reuters Restructuring Summit in NY. Rob shares his perspective on the dynamics impacting the availability of debtor-in-possession (DIP) and exit finance.   Watch video (05:19 minutes)
Done Deals		Recent Transactions
	Co-Collateral Agent • $175 Million • Asset-Based Credit Facility Based in Lincolnshire, IL, ACCO Brands Corporation designs, develops, manufactures, markets, and distributes traditional and computer-related office products and supplies principally in the United States, United Kingdom, Australia and Canada. GE Capital, Corporate Finance acted as co-collateral agent for a $175 million revolving credit facility. The loan refinances existing credit and securitization facilities and supports the company's ongoing working capital needs. GE Capital Markets served as joint-book runner. Read the press announcement
	Co-Lead Arranger • $200 Million • Asset-Based Credit Facility Based in Huntington Beach, CA, Quiksilver is an outdoor sports lifestyle company, which designs, produces and distributes a diversified mix of branded apparel, footwear, accessories and related products. GE Capital, Corporate Retail Finance acted as collateral agent on a $200 million asset-based credit facility. The loan will be used for working capital needs. GE Capital Markets served as co-lead arranger.  Read the press announcement
View more transactions
Capital Comic		© Randy Glasbergen
Indices Watch		Trend Statistics

	Optimism Grows Among U.S. Manufacturers According to this survey, 57 percent of U.S. manufacturers expect positive revenue growth over the next 12 months.  Learn More
	M&A is Down, But There's Some Signs of Activity M&A activity remains well below last year, but there are encouraging signs as the economy and credit markets rebound.  Learn More
	Divestitures Market is Poised For an Uptick According to a recent survey of 215 private and public companies, 69 percent of respondents are anticipating either similar or increased levels of divestiture activity in the coming year.  Learn More
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This publication provides general information and should not be used or taken as business, financial, tax, accounting, legal or other advice, or relied upon in substitution for the exercise of your independent judgment. For your specific situation or where otherwise required, expert advice should be sought. The views expressed in these articles reflect those of the authors and contributors and not necessarily the views of GE Capital or any of its affiliates (together, “GE"). Although GE believes that the information contained in this publication has been obtained from and is based upon sources GE believes to be reliable, GE does not guarantee its accuracy and it may be incomplete or condensed. GE makes no representation or warranties of any kind whatsoever in respect of such information. GE accepts no liability of any kind for loss arising from the use of the material presented in this publication.