 |
 |
| A monthly eNewsletter on leveraged finance | April 2010 |
In this issue
|
2009 was a tumultuous year for acquisition financing, commencing in the shadows of the credit crisis and ending with early signs of a dramatic recovery. Arrangers focused on enhancing flexibility to deal with changes in the market or in the financial condition of borrowers. Buyers and sellers looked for deal certainty and unconditional loan commitments. Review some of the key conditions typically found in loan
commitments in 2009 that illustrates how arrangers and borrowers balanced competing objectives--
and how it has evolved in 2010. |
|||||||||||||||
| Loan Defaults | Loan Defaults Update | |||||||||||||||
 |
|
|||||||||||||||
| Done Deals | Recent Transactions | |||||||||||||||
 |
Lead
Arranger • $200 Million • Asset-Based Credit Facility |
|||||||||||||||
 |
Sole Collateral Agent • $109 Million • Cash Flow Plan of Reorganization Credit Facility Headquartered in Fort Mill, SC, Muzak is a leading provider of music and sensory branding services for businesses. GE Capital, Restructuring Finance is sole collateral agent for a $109 million cash flow plan of reorganization credit facility. The loan supports Muzak's exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as sole lead arranger on a portion of the facility.  Read the press announcement |
|||||||||||||||
 |
Sole Lender • $85 Million •Asset-Backed Term Loan Founded in 1945, Phoenix, AZ-based U-Haul is North America's largest do-it-yourself moving and storage operator. GE Capital, Corporate Finance served as sole lender for an $85 million asset-backed term loan. The loan will be used to refinance an existing securitization facility. Read the press announcement |
|||||||||||||||
| Capital Comic | © Randy Glasbergen | |||||||||||||||
 |
||||||||||||||||
| Indices Watch | Trend Statistics | |||||||||||||||
 |
M&A Advisors Predict Increase in Deal Activity A recent survey revealed that 78 percent of top merger and acquisition (M&A) advisors expect to see an uptick in deal activity during the remainder of 2010. Learn More |
|
CEO Outlook: Increased CapEx, Sales, Employment |
|
Index of Troubled Companies Shows Improvement in Corporate Credit Quality Based on default probabilities for more than 29,200 public companies in 32 countries, this index continues to show improvement. Learn More |
| Find financing now at http://www.gelending.com/ | |
Please add CapitaLensENewsletter@ge.com to your address book to ensure these messages pass through spam filters.
If you do not wish to receive any further CapitaLens eNewsletters from GE, kindly click here
We respect your right to privacy. View our policy
Copyright © 2010 GE Capital Corporation. All rights reserved. "GE," "General Electric Company," “General Electric," the GE Logo, and various other marks and logos used in this publication are registered trademarks, trade names and service marks of General Electric Company. You may reprint or forward this newsletter to others provided that it is reproduced or distributed in its entirety, including this disclaimer. For all other uses please contact Jeffrey Wilson.
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.