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A monthly eNewsletter on leveraged finance	September 2010

In this issue

	Reducing Business Risks with Leasing
	Asset-based Finance Market Review and Outlook
	Done Deals
	Capital Comic
	Indices Watch
	CapitaLens Archive

The financial crisis and economic downturn have caused corporate America to become keenly aware of risk and develop a new appreciation for cash. Many companies are conserving cash to hedge a still uncertain economic climate. In this environment, it’s worth taking a close look at equipment leasing, which offers compelling cash management and risk benefits over ownership—advantages that are too often overlooked. Read more

Asset-based Finance Market Review and Outlook
Secured lenders were poised to do more business in 2010, yet there was limited deal flow to support a robust or even steady pipeline. This climate was caused at least in part by the high-yield bond market, which pulled back mid-second quarter. Learn what lenders are facing in this market review and outlook. Read more

Done Deals

Recent Transactions

Administrative agent • $320 million • Asset-based credit facility
GE Capital, Corporate Finance is administrative agent for a newly amended and extended $320 million revolving credit facility to H&E Equipment Services, Inc., one of the nation's largest equipment services companies focused on heavy commercial and industrial equipment. The credit facility will be used for working and growth capital. GE Capital Markets served as joint lead arranger. Read the press announcement

Administrative agent • $90 million • Asset-based credit facility
GE Capital, Corporate Retail Finance provided a four-year extension of a $90 million asset-based revolving credit facility to Golfsmith, an Austin, TX-based specialty retailer of golf and tennis equipment, apparel and accessories. GE Capital has been a lender to Golfsmith since 2002
. Read the press announcement

Administrative agent • $168 million • Cash flow credit facility
GE Capital, Corporate Finance is administrative agent for a $168 million cash flow credit facility to Bellisio Foods, Inc., a major frozen foods manufacturer. The loan will be used to refinance debt and for working capital needs. GE Capital Markets served as lead arranger.
Read the press announcement

Administrative agent • $425 million • Cash flow credit facility
GE Capital, Corporate Finance is administrative agent for a $425 million cash flow credit facility to Blount International, Inc., a leading outdoor products manufacturer. The loan amends and extends an existing $165 million facility and will be used to refinance debt and for acquisitions. GE Capital Markets served as sole lead arranger. Read the press announcement

Co-collateral agent • $100 million • Exit facility
GE Capital, Restructuring Finance is co-collateral agent in a $100 million plan of reorganization credit facility to Neenah Enterprises, Inc., one of the largest independent foundry companies in the U.S. The loan supports the company's pre-packaged exit from bankruptcy protection. GE Capital Markets served as joint lead arranger. Read the press announcement

Collateral agent • $120 million • Asset-based credit facility
GE Capital, Corporate Finance is collateral agent for a $120 million asset-based credit facility to Ocean Beauty Seafoods, LLC, one of the largest seafood companies in the Pacific Northwest. The loan will support working capital needs. GE Capital Markets served as joint lead arranger. Read the press announcement

View more transactions

Capital Comic

Indices Watch

Trend Statistics

	CFO Economic Optimism Falls at U.S. Firms According to this survey, chief financial officers (CFOs) foresee minimal increases in hiring, weak consumer demand and heightened economic uncertainty. Learn more
	U.S.-based Multinationals Forecast Growth Amid Headwinds Legislative/regulatory pressures and lack of demand are the most cited barriers to business growth over the next 12 months. Learn more
	Less Than One Third of Private Companies Plan Capital Expenditures Twenty-nine percent of private companies surveyed are planning for major new investments of capital for business growth in the next year. Learn more
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