NewswireToday - /newswire/ -
Norwalk, CT, United States, 2014/01/06 - GE Capital, Corporate Finance announced that it provided a $50 million senior credit facility to Stoli Group USA, the North American producer and distributor of Stolichnaya® vodka [NYSE: GE] - GECapital.com. NYSE: GE
The financing will be used for working capital and general corporate purposes.
Stolichnaya vodka, generally known as Stoli, is distributed by Stoli Group USA, a subsidiary of SPI Group, which is a global leader in the production, sales and distribution of distilled spirits and wine.
“We are looking forward to developing a long-term relationship with GE Capital,” said John Esposito, CEO of Stoli Group USA. “They showed a lot of creativity in structuring this facility to meet our needs and we really value having a lender with a thorough understanding of our industry.”
“We specialize in financing food and beverage companies and it’s exciting to be playing a role in the next phase of Stoli’s development,” said Chris Nay, senior managing director, food and beverage at GE Capital, Corporate Finance. “We strive to work closely with clients, providing flexible financing and sharing industry know-how to help them grow.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance (gelending.com) provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Funding may be provided through GE Capital, Corporate Finance’s affiliate, GE Capital Bank, Member, FDIC. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products; corporate aircraft; energy; 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.
Contact: Ned Reynolds - GE Capital, Americas
P: +1 203 229 5717 / M: +1 203 837 0699 - E: ned.reynolds[.]ge.com.