NORWALK, CT — April 7, 2010 - GE Capital, Corporate Retail Finance today announced it agented a $200 million asset-based credit facility for The Talbots, Inc., a leading women's apparel retailer. The loan will be used to refinance debt, acquire BPW Acquisition Corporation and for ongoing working capital. GE Capital Markets served as sole lead arranger.

Founded in 1947, Hingham, MA-based The Talbots, Inc. (NYSE: TLB) is a retailer and direct marketer of classic women's apparel, shoes and accessories. The company operates 580 Talbots brand stores in North America, a creative studio in New York, NY, a distribution center in Lakeville, MA, a customer service center in Knoxville, TN and an information systems center in Tampa, FL. BPW Acquisition Corporation is a special purpose acquisition corporation based in Stamford, CT.

"GE worked with us to understand the challenges and opportunities we have as a specialty retailer today," said Michael Scarpa, chief operating officer and chief financial officer for Talbots. "They made a significant financial commitment, with a loan structure that provides financial flexibility to help meet our business objectives."

"Finding the right financing solution for retailers is our specialty," said Jim Hogan, managing director of GE Capital, Corporate Retail Finance. "The combination of industry and underwriting expertise as well as experience through many economic cycles means smarter liquidity for retailers."

About GE Capital, Corporate Retail Finance
GE Capital, Corporate Retail Finance is a leading provider of senior secured loans to retailers, primarily in the U.S., to support working capital, growth, acquisitions and more. With Access GE, clients also benefit from access to GE management best practices. Visit gelending.com/clnews.

About GE Capital
GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). Visit ge.com.

Contact:
GE Capital, Corporate Retail Finance
Jeff Wilson
203-749-6340
jeffrey.wilson@ge.com

GE Capital, Norwalk
Ned Reynolds
203-229-5717
ned.reynolds@ge.com