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| A monthly eNewsletter on leveraged finance | October 2009 |
In this issue
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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. |
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| Restructuring Finance Perspective | Q&A | |||||||||||||||
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| Done Deals | Recent Transactions | |||||||||||||||
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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 |
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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 |
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| Capital Comic | © Randy Glasbergen | |||||||||||||||
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| Indices Watch | Trend Statistics | |||||||||||||||
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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 |
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M&A is Down, But There's Some Signs of Activity |
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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 |
| Find financing now at http://www.gelending.com/ | |
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