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GE Antares Provides $275 Million Senior Credit Facility for Leading Manufacturer and Distributor of Specialty Bakery Products.

Publication: Business Wire
Publication Date: 14-DEC-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO -- GE Antares today announced it is serving as syndication agent for a $275 million senior secured credit facility to support the acquisition by Best Brands (the "Company") of Telco Food Products Inc., and Brantley Partners' recapitalization of the Company. GE Capital Markets and RBS Securities Corporation serve as joint lead arrangers and joint bookrunners.

The financing consisted of a $30 million senior secured revolving credit facility, a $170 million senior secured first lien term loan facility, and a $75 million...

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