{"id":659032,"date":"2013-05-20T12:24:00","date_gmt":"2013-05-20T16:24:00","guid":{"rendered":"http:\/\/www.pehub.com\/?p=203001"},"modified":"2013-05-20T12:24:00","modified_gmt":"2013-05-20T16:24:00","slug":"ge-antares-provides-89-5-mln-loan-for-greenbriars-edac-buy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/659032","title":{"rendered":"GE Antares Provides $89.5 Mln Loan for Greenbriar\u2019s EDAC Buy"},"content":{"rendered":"

Greenbriar Equity Group<\/strong> has received a $89.5 million loan from GE Antares<\/strong>, a unit of GE Capital Markets<\/strong>, to acquire EDAC Technologies Corp<\/strong>. GE Capital Markets acted as joint lead arranger of this transaction. EDAC, which is based in Cheshire, CT., is a provider of aerospace components.<\/p>\n

PRESS RELEASE
\nCHICAGO–(BUSINESS WIRE)–GE Antares, a unit of GE Capital, announced today it is serving as administrative agent for a $89.5 million senior credit facility to support Greenbriar Equity Group\u2019s acquisition of EDAC Technologies Corporation. GE Capital Markets acted as joint lead arranger and sole bookrunner.
\n\u201cWe view GE Antares as an excellent choice to lead our debt financing for EDAC Technologies,\u201d said Rob Wolf, director at Greenbriar Equity. \u201cGE Antares has a great understanding of the debt financing markets, ensuring superior execution, and through their Access GE program they can help us tap into GE\u2019s deep knowledge and experience in the aerospace market.\u201d
\nEDAC is a United States-based company with headquarters in Cheshire, Connecticut. It has six diversified divisions in southern New England.
\n\u201cWe\u2019re excited to be leading another financing for Greenbriar Equity and starting a relationship with EDAC Technologies,\u201d said Douglas Cannaliato, managing director at GE Antares. \u201cGreenbriar Equity has extensive aviation industry expertise resulting from their exclusive focus on the global transportation industry which we are confident will provide real value to EDAC Technologies\u2019 already strong and experienced management team.\u201d
\nEDAC Technologies is a diversified manufacturer of precision machined components, and supplier of tooling, spindle manufacturing and machine repair services, primarily for gas turbine engine applications in the commercial aerospace, military and industrial markets.
\nAbout Greenbriar Equity
\nGreenbriar Equity Group LLC, a private equity firm with $1.5 billion of committed capital, focuses exclusively on the global transportation industry, including companies in aerospace and defense, automotive, freight and passenger transport, logistics and distribution, and related sectors. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar\u2019s partners bring many decades of experience at the highest levels within the transportation industry. Additional information may be found at www.greenbriarequity.com.
\nAbout GE Antares Capital
\nGE Antares is a unit of GE Capital, Americas. We are builders, not bankers. With offices in Atlanta, Chicago, Los Angeles, New York and San Francisco, GE Antares is a leading middle market lender, offering a \u201cone-stop\u201d source for GE\u2019s lending and other services offered to middle market private equity sponsors. For more information, visit the GE Antares website at geantares.com.
\nAbout GE Capital
\nGE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital).
\nGE (NYSE: GE) 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. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company’s website at www.ge.com.<\/p>\n

The post GE Antares Provides $89.5 Mln Loan for Greenbriar’s EDAC Buy<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Greenbriar Equity Group has received a $89.5 million loan from GE Antares, a unit of GE Capital Markets, to acquire EDAC Technologies Corp. GE Capital Markets acted as joint lead arranger of this transaction. EDAC, which is based in Cheshire, CT., is a provider of aerospace components. PRESS RELEASE CHICAGO–(BUSINESS WIRE)–GE Antares, a unit of […]<\/p>\n","protected":false},"author":8321,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-659032","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/8321"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=659032"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659032\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=659032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=659032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=659032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}