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CapitaLens GE
A monthly eNewsletter on leveraged finance November 2010

In this issue

The Advantages and Drawbacks of Pre-packaged Bankruptcies
Primary Factors Impacting the Leveraged Loan Market
Done Deals
Capital Comic
Indices Watch
CapitaLens Archive
The Advantages and Drawbacks of Pre-packaged Bankruptcies The Advantages and Drawbacks of Pre-packaged Bankruptcies The Advantages and Drawbacks of Pre-packaged Bankruptcies

A prepackaged bankruptcy can be a viable reorganization strategy. It gives a company the ability to reduce the duration of its bankruptcy and lowers the administrative cost of the process. It can be less disruptive to the business and more appealing to creditors as it can reduce their internal expenses. However, “pre-packs” may not be practical in every circumstance.  Read more

Primary Factors Impacting the Leveraged Loan Market  

Leveraged Loan Market Overview

In today’s market, a combination of greater lender willingness to deploy capital, strong investor demand for loans, and historically low interest rates is driving a favorable environment for borrowers across virtually all forms of corporate loans. Managing Director of GE Capital Markets Sage Nakamura provides a brief overview of current conditions in the leveraged loan market.
 Watch the video
 
   

 

 

Done Deals Recent Transactions
Done Deals - Hudson Bay Co.

Co-Agent • $1.35 Billion • Asset-Based Credit Facility
GE Capital, Corporate Retail Finance is co-collateral agent for a $C1.35 billion asset-based revolving credit facility to Hudson’s Bay Company, one of Canada’s largest retailers. The loan will be used for working capital needs. GE Capital Markets served as joint lead arranger.
 Read the press announcement

Done Deals - IAC

Agent • $200 Million • Asset-Based Credit Facility
GE Capital, Corporate Finance is agent for a $200 million asset-based credit facility to International Automotive Components Group North America, Inc., a leading global automotive parts supplier. The loan will be used for working capital needs and to support growth and expansion efforts. GE Capital Markets served as sole lead arranger.  Read the press announcement

Done Deals - Huttig

Agent • $120 Million • Asset-Based Credit Facility
GE Capital, Corporate Finance is agent for a $120 million asset-based credit facility to Huttig Building Products, Inc., a leading domestic distributor of millwork, building materials and wood products. The loan refinances an existing credit facility and will be used to support working capital needs. GE Capital Markets served as co-lead arranger. GE also provides the company with equipment lease financing.  Read the press announcement

View more transactions

Capital Comic © Randy Glasbergen
 
Capital Comic

Indices Watch Trend Statistics
GE CFOs of Mid-sized Companies Forecast Low-to-Moderate Growth
Looking forward, 86% of the respondents to this survey of 530 finance chiefs see low-to-moderate growth for their businesses continuing over the next few years.  Learn More
GE

Standards Easing for Commercial Loans
Banks have eased standards and terms on several categories of business loans according to this Federal Reserve survey of senior loan officers.  Learn More

GE Industrial Products Manufacturers Uncertain About U.S. Economy
Looking at the next 12 months, the majority (52 percent) of industrial products manufacturers surveyed are uncertain about the U.S. economy.  Learn More
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