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Chicago, IL, United States, 2010/07/14 - GE Antares Capital, announced it served as Administrative Agent for a $125 million senior secured credit facility to GCA Services Group, Inc., which was used to refinance GCA’s existing bank facility at a lower cost of capital. NYSE: GE
GE Antares Capital, a unit of GE Capital, today announced it served as Administrative Agent for a $125 million senior secured credit facility to GCA Services Group, Inc., which was used to refinance GCA’s existing bank facility at a lower cost of capital. GE Capital Markets served as co-lead arranger and sole bookrunner on the facility.
GCA is a leading provider of specialty janitorial and other facilities management services for educational, specialty industrial, high tech, nuclear, and pharmaceutical companies. With an extensive menu of services, GCA develops customized solutions to meet the individual needs of each client, which results in cost effective, flexible solutions with a guarantee of quality. Headquartered in Cleveland, OH, GCA has approximately 21,000 employees nationwide servicing over 500 million square feet in 39 states and Puerto Rico. GCA is a portfolio company of Nautic Partners, LLC.
About Nautic Partners, LLC
Founded in 1986, Nautic Partners is a middle-market private equity firm with over $2.5 billion of equity capital under management. They have completed more than 100 investments and delivered successful results to their limited partners over three decades.
Nautic targets equity investments of $25 to $100 million in companies with proven business models, defensible market positions, and strong growth potential. Areas of focus include business services, manufacturing, healthcare, and communications.
About GE Antares Capital
GE Antares (geantares.com) is a unit of GE Capital. With offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco, GE Antares is the leading lender to private equity-backed middle market companies.
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 (@GECapitalNews). GE (ge.com) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.