PRZOOM - /newswire/ -
Norwalk, CT, United States, 2010/02/12 - GE Capital, Corporate Finance today announced it is co-collateral agent for a $300 million asset-based credit facility for Kehe Food Distributors, a leading U.S. distributor of natural and specialty food products (NYSE: GE). NYSE: GE
The loan will be used to support the company’s acquisition strategy.
Kehe Food Distributors provides natural and organic, specialty and gourmet and multi-cultural products to more than 33,000 natural food stores, grocery stores and other specialty product retailers throughout North America. Headquartered in Romeoville, IL, and established in 1952, Kehe is an employee owned company.
“GE made a significant financial commitment to support our strategic objectives,” said Chris Meyers, CFO of Kehe Food Distributors. “We appreciate working with a lender who is responsive and understands the unique aspects of our business and industry.”
“Whether for growth, acquisitions or turnarounds, we specialize in critical capital for business,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “With deep industry expertise, GE strives to provide food wholesalers, retailers and distributors with the flexibility and liquidity they need to grow.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance is one of the largest providers of asset-based, cash flow and structured loans and leases for mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace & Defense, Automotive & Transportation, Chemicals & Plastics, Corporate Aircraft, Financial & Business Services, Food, Beverage & Agribusiness, Government Finance, Manufacturing, Marine, Metals & Mining, Paper, Packaging & Forest Products, Retail, Technology & Electronics. Visit gelending.com/clnews.
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Ned Reynolds, GE Capital, Americas
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