PRZOOM - /newswire/ -
Chicago, IL, United States, 2015/07/15 - GE Capital, Corporate Finance announced it is serving as administrative agent on a $49.5 million senior secured credit facility for Flavor Producers, Inc.. NYSE: GE
GE Capital, Corporate Finance today announced it is serving as administrative agent on a $49.5 million senior secured credit facility for Flavor Producers, Inc. Flavor Producers, a creator of custom-formulated flavors for food and beverage companies globally, will use the funds to explore acquisitions as well as for general working capital needs. GE Capital Markets served as sole lead arranger and bookrunner on the facility.
Founded in 1981 and headquartered in Valencia, CA, Flavor Producers closely follows trends, laws and regulations in the food and beverage industry to develop flavor products for drinks, nutrition bars, dairy products and cereals, and other food categories.
“We appreciate the extensive food and beverage expertise of the GE Capital team. Their financing will help us with our short- and long-term plans,” said Jeff Harris, CEO, Flavor Producers, Inc. “We look forward to working with them.”
Cyrano Group served as advisor to Flavor Producers and will continue to provide advisory services as the Company explores new acquisition opportunities. “Flavor Producers is very well positioned to make strategic acquisitions and we are glad that the company has partnered with a terrific group like GE Capital,” said David Bergstein, CEO of Cyrano Group. Based in Los Angeles, Cyrano Group is a boutique merchant bank serving the needs of early stage and middle-market companies.
“Flavor Producers has a loyal client base,” said Chris Nay, senior managing director for GE Capital, Corporate Finance’s food and beverage group. “We are excited to apply our experience to help them continue to grow their share of the market.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance (geccf.com) provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses expanding in North America, Asia and Europe. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; oil and gas; 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.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services. GE (ge.com) 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.