Press release from Business Wire
GE Capital is Co-Collateral Agent on a $300 Million Asset-Based Credit Facility for KeHE Distributors
Wednesday, August 21, 2013
GE Capital is Co-Collateral Agent on a $300 Million Asset-Based Credit Facility for KeHE Distributors08:00 EDT Wednesday, August 21, 2013
NORWALK, Conn. (Business Wire) -- GE Capital, Corporate Finance today announced it is co-collateral agent on a $300 million asset-based credit facility for Romeoville, IL-based KeHE Distributors, LLC. The loan will be used to support ongoing working capital needs.
KeHE Distributors is a primarily employee-owned company and one of the largest distributors of food products in the North America, delivering to more than 28,000 retail outlets. KeHE provides natural and organic, specialty, gourmet and multi-cultural products to natural food stores, grocery stores and other specialty product retailers throughout the U.S.
“GE Capital has a keen understanding of the food industry that has helped us to secure the right financing,” said Chris Meyers, chief financial officer of KeHE. “Plus, they share industry insight and provide access to GE best practices to help build business.”
“We appreciate the challenges and opportunities mid-size companies face,” said Bob McCarrick, chief commercial officer—lending at GE Capital, Corporate Finance. “We work closely with manufacturers and distributors to provide flexible financing to help them succeed.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; energy; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE's best practices to help build their business. Visit gelending.com/clnews or follow @GELendLease on Twitter.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. For more information, visit ge.com.
GE Capital, Corporate Finance
Jeff Wilson, 203-749-6340
GE Capital, Americas
Allison Perkins, 203-229-1447