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| A monthly eNewsletter on leveraged finance | December 2009 |
In this issue
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Asset-based lenders have faired relatively well in 2009 despite some skepticism at the beginning of the year. The return of the high-yield bond market certainly helped. While issuance is down and challenges remain--there are positive signs as lenders close out the books yearend. |
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| Easing the Stress of Distressed M&A | M&A | |||||||||||||||
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| Done Deals | Recent Transactions | |||||||||||||||
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Co-Collateral Agent • $625 Million • Asset-Based Credit Facility Based in York, PA and Milwaukee, WI, The Bon-Ton Stores, Inc., offers brand-name fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. GE Capital, Corporate Retail Finance is co-collateral agent for a $625 million loan to refinance existing debt and for working capital needs. GE Capital Markets served as joint lead arranger.  Read the press announcement |
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Administrative Agent • $168 Million • Cash Flow Credit Facility |
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Sole Lender • $30 Million • Asset-Based Credit Facility Kansas City, KS-based, Harcros Chemicals Inc. is one of the largest chemical distributors in North America with 28 branches operating. GE Capital, Corporate Finance is sole lender for a $30 million working capital loan to refinance their existing credit facility. The loan may be increased to $35 million, subject to certain conditions. Read the press announcement |
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| Capital Comic | © Randy Glasbergen | |||||||||||||||
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| Indices Watch | Trend Statistics | |||||||||||||||
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CEOs See Increased Capital Spending, But Employment Growth Will Lag The leaders of America's biggest companies have mixed feelings about 2010 according to this survey. Learn More |
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Elevated High Yield Bond Activity Expected to Continue |
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Dealmakers Express Guarded Optimism About M&A Outlook Survey findings reveal M&A challenges and opportunities; strategic and distressed investors to lead the way. Learn More |
| Find financing now at http://www.gelending.com/ | |
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