Free press releases distribution network?

Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



GE Capital Agents $355 Million in Credit Facilities for Metropolitan Health Networks, Inc - GE Capital, Healthcare Financial Services announced today that it has closed, as administrative agent, $355 million in senior secured credit facilities for Metropolitan Health Networks, Inc. (NYSE AMEX: MDF)
GE Capital Agents $355 Million in Credit Facilities for Metropolitan Health Networks, Inc

 

PRZOOM - /newswire/ - Bethesda, MD, United States, 2011/10/05 - GE Capital, Healthcare Financial Services announced today that it has closed, as administrative agent, $355 million in senior secured credit facilities for Metropolitan Health Networks, Inc. (NYSE AMEX: MDF). NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The financing includes a $40 million revolving line of credit, a $240 million first lien term loan and a $75 million second lien term loan. GE Capital Markets served as joint lead arranger and joint book runner on the credit facilities.

The financing supports the company’s acquisition of Continucare Corporation (NYSE: CNU), bringing together two of Florida’s leading providers of health care services to Medicare Advantage and Medicaid customers.

“We truly appreciate GE’s unwavering commitment and syndication expertise during a very tough time in the debt and equity markets,” said Michael Earley, Chairman & CEO of Metropolitan Health Networks, Inc. “GE’s knowledge of our business and the healthcare industry also proved helpful in structuring financing to meet our needs.”

Based in Boca Raton, FL, Metropolitan Health Networks, Inc. operates one of the largest provider service networks (PSN) in Florida. Through its PSN, Metropolitan provides and arranges for medical care primarily to Medicare Advantage (MA) beneficiaries who have enrolled in MA health plans.

“Whether we’re operating in a good or challenging market, our capital markets expertise and industry knowledge allows us to make significant commitments to our customers,” said Bob McCarrick, senior managing director, GE Capital, Healthcare Financial Services. “We’re proud to provide Metropolitan with the capital necessary for this strategic acquisition and welcome them as a new customer.”

About GE Capital, Healthcare Financial Services
With over $17 billion invested, GE Capital, Healthcare Financial Services (gecapital.com/healthcare) is a premier provider of capital and services to the healthcare industry, with investments in more than 40 sub-sectors including senior housing, hospitals, pharmaceuticals, and medical devices. Our team of professionals provides deep industry expertise to create business and financial solutions tailored to meet the individual needs of our customers.

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 (ge.com) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


GE Capital Agents $355 Million in Credit Facilities for Metropolitan Health Networks, Inc

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
GE News Center |
Contact: Ned Reynolds - GE Capital Americas 
+1 203-229-5717 / +1 203-837-0699(mobile) ned.reynolds[.]ge.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From General Electric Company / Company Profile


Read Financial/Legal/Venture Most Recent Related Press Releases:

LexisNexis® Expands Media Intelligence Portfolio with LexisNexis® Media Contacts Solution
LexisNexis Wins 21 Awards from Two Prestigious Publications
Frost & Sullivan Commends AutoGravity for Transforming Automotive Financing Industry
NYSE Governance Services and FTI Consulting Announce 17th Annual Corporate Law Firms Rankings
FTI Consulting and Asia Group Advisors Formalise Affiliate Relationship Across Asia Pacific
LexisNexis Receives 2017 Corporate Leadership Award from Freedom House for Activism in Advancing the Rule of Law
Societe Generale Named ‘Distinguished Provider of Transaction Banking Services’ by FImetrix
ALM Wins 2 Awards at 2017 Jesse H. Neal Awards
ALM’s ThinkAdvisor Launches Life/Health Channel
The National Law Journal Unveils Monthly Print Magazine

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  Persistence Market Research (P) Ltd

Visit  MagLar, Inc.







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today