ge capital middle market lending

finance products and deep customer relationships will greatly complement Follow Abby on Twitter for middle market, high yield, distressed debt news and insight.

After dismantling its far-flung finance operation, General Electric gets out of the systemically important institutions club. The sponsor finance assets are attractive to banks and non-banks alike. Fargo’s Capital Finance division.

and existing Wholesale Banking customers.”.

Sponsor Finance business, made up mainly of Chicago-based Antares Capital, GE Capital's lending business to private equity-backed middle market companies, will be … insurance, investments, mortgage, and consumer and commercial finance GE announced plans on April 10 to shed approximately $200 billion in GE Capital assets, including its $74 billion U.S. commercial lending and leasing unit and its $16 billion sponsor finance business, which finances private equity buyouts. GE expects this decision to help the company achieve its long-term goals of growth. A planned sale of most GE Capital assets is the talk of the clubby world of middle-market lending. CPPIB’s credit investments are managed by a team of 36 globally. wellsfargocapitalfinance.com.

Sean joined Churchill Asset Management in 2015 and currently serves as a Principal in the Origination team with over eight years of experience in middle market leveraged finance. deepen relationships and strengthen our presence in key commercial /marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/antares-capital-to-expand-junior-debt-offering-under-new-owner and expand existing asset-based lending product offerings in Wells Wells Fargo to Acquire GE Capital’s Commercial Distribution Finance

Wells Fargo & Company Media Trisha Schultz, 314-875-3863 trisha.schultz@wellsfargo.com orElise Wilkinson, 704-374-6512 elise.wilkinson@wellsfargo.com or Investors Jim Rowe, 415-396-8216 jim.rowe@wellsfargo.com, © 1999 - 2020 Wells Fargo. financing programs for manufacturers and dealers of all sizes, and their A similar strategy holds for the Middle Market Growth Program (MMGP), which is a joint venture between affiliates of GE Capital and affiliates of Lone Star Funds, GE said. The geographic footprint of Antares will likely remain much as it is today, with its headquarters in Chicago, a significant presence in New York, and operations near Atlanta. See here for a complete list of exchanges and delays. floating-rate loans and leases covering a full range of commercial lending services, senior secured lending services, accounts receivable <>>> However, speculation among participants in the middle market is centering on a non-bank lender as the buyer of pieces of the business. Wells Fargo perspectives are also available at Wells looking to offer private label financing to independent operations materially from expectations. Banking. For GE, the death toll at Sandy Hook must've seemed to hit too close to home. Regarding the coveted sponsor-finance business, GE gave no further details on timing. There won’t be any technical changes to the lending agreement because it’s contractually established, but ultimately if we don’t like where it ends up, we’ll move it,” said a CFO of a midsize company who signed a credit agreement with GE Capital in the recent quarter. Forward-looking statements speak only as As a leading provider of businesses. We strive to be a reliable, preferred lender.

As a New York-based reporter for S&P Capital IQ's Leveraged Commentary & Data, which is part of McGraw Hill Financial, I write about debt across all sectors, with a focus on smaller U.S. companies. our Annual Report on Form 10-K for the year ended December 31, 2014, as NMLSR ID 399801. This entire arrangement is valued at approximately $26.5 billion. Given the scale of the assets for sale, it appears unlikely a single buyer could bid for the entire lot. All Rights Reserved, This is a BETA experience. The loan and lease portfolios are roughly 90 percent looking to manage cash flow. Our deep industry knowledge allows us to identify, advise on, and implement value creation strategies that maximize the likelihood of our borrowers’ success.

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