Press release from Business Wire
GE Capital Provides $7.5 Million Term Loan Facility to BENU, Inc.
Wednesday, November 06, 2013
GE Capital Provides $7.5 Million Term Loan Facility to BENU, Inc.08:00 EST Wednesday, November 06, 2013
BETHESDA, Md. (Business Wire) -- GE Capital, Healthcare Financial Services, announced that it is serving as administrative agent and sole lender on a $7.5 million senior secured multi-draw term loan for BENU, Inc. The loan refinances current debt and will support the company's growth initiatives.
“GE Capital knows the healthcare IT industry well and worked closely with us from the start to understand our business objectives,” said Jeff Closs, CEO of BENU, Inc. “They offered us the best solution, providing flexibility and capital to meet our growth goals.”
“Healthcare IT companies benefit from working with a lender who understands the challenges and opportunities these companies face in such a quickly evolving market,” said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. “We look forward to working with BENU as they execute their growth strategy.”
Based in Silicon Valley, CA, BENU is a healthcare IT company providing private healthcare exchanges and SaaS cloud-based, comprehensive human capital management by combining HR, benefits, and payroll on a single, unified platform., to U.S. employers.
About GE Capital, Healthcare Financial Services
With in-depth industry knowledge and expertise, GE Capital, Healthcare Financial Services has provided more than $60 billion in financing over ten years to companies in 45 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices. Our team of professionals creates business and financial solutions tailored to meet the individual needs of our customers. For more information, visit gecapital.com/healthcare.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.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 the company's website at www.ge.com.
GE Capital, Americas
Allison Perkins, 203-229-1447