Apr
20
Leveraged Loans: GE Capital Sale Upends Clubby Middle-Market Lending World
ByA planned sale of most GE Capital assets is the talk of the clubby world of middle-market lending.
GE Capital has long reigned as the dominant player in the business, defined by Leveraged Commentary & Data as lending to companies that generate EBITDA of $50 million or less, or $350 million or less by deal size, although definitions vary among lenders.
Of GE Capital assets on the auction block, drawing particular interest is the $16 billion sponsor finance business, which GE described in an investor presentation as long-term relationships with more than 300 private equity sponsors, comprising loans of $30-500 million. It operates both in the U.S. and internationally…
Leveraged Loans: GE Capital Sale Upends Clubby Middle-Market Lending World
