GE Capital, Corporate Retail Finance announced it agented a $200 million asset-based credit facility for The Talbots, Inc., a leading women's apparel retailer. The loan will be used to refinance debt, acquire BPW Acquisition Corporation and for ongoing working capital. GE Capital Markets served as sole lead arranger.
“GE worked with us to understand the challenges and opportunities we have as a specialty retailer today,” said Michael Scarpa, chief operating officer and chief financial officer for Talbots. “They made a significant financial commitment, with a loan structure that provides financial flexibility to help meet our business objectives.”
“Finding the right financing solution for retailers is our specialty,” said Jim Hogan, managing director of GE Capital, Corporate Retail Finance. “The combination of industry and underwriting expertise as well as experience through many economic cycles means smarter liquidity for retailers.”
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