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| A monthly eNewsletter on leveraged finance | February 2009 |
In this issue
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In today’s recessionary environment, restructuring finance – especially debtor-in-possession (DIP) financing – is in high demand. As companies seek the funds necessary to file for Chapter 11, many will be successful while others will not. Although lenders are eager to deploy DIP financing where and when it makes good business sense, several factors make doing so more complicated than in past down cycles. | |||||||||||||||
| Market Minute | Retail Restructuring Finance Market | |||||||||||||||
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Key Factors Impacting the Retail Restructuring Finance Market Tim Tobin, managing director of retail restructuring finance for GE Capital, discusses several factors driving retail restructuring lending during what is one of the most challenging retail environments in decades. 
Watch video
Read transcript |
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| Done Deals | Recent Transactions | |||||||||||||||
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Lead Arranger •
$125,000,000 • Debtor-in-Possession Credit Facility Founded in 1904 in Fresno, California, Gottschalks is a regional department store chain offering fashion apparel, cosmetics, shoes, accessories and home merchandise. The company will use the $125 million debtor-in-possession credit facility for working capital needs as the company attempts to restructure under Chapter 11. GE Capital Markets arranged the transaction. |
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| Capital Comic | © Randy Glasbergen | |||||||||||||||
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| Indices Watch | Trend Statistics | |||||||||||||||
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S&P Indicates Corporate Borrowers Becoming More Prudent A new Standard & Poor's Ratings Services report indicates borrowers are more focused on enhancing creditworthiness in these turbulent times.  Learn More |
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CEO Index Increased After Three Months of Record Declines Learn why the CEO Confidence Index rose 10.3 points, or 20 percent, to 51.2 points in a Chief Executive magazine polling 543 top executives in January, in what was its greatest improvement since September 2008. Learn More |
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Federal Reserve Survey Finds Little Easing in Bank Lending Policies Read about the latest Federal Reserve's survey of senior loan officers that finds banks across the U.S. are continuing to employ strict lending standards. Learn More |
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| Find financing now at http://www.gelending.com/ | |
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