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GE Antares Closes $15.3 Billion in Senor Loan Transactions in 2012

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Date: Feb 27, 2013 @ 07:14 AM
Filed Under: Industry News

GE Antares, a unit of GE Capital, announced today it closed more than 220 senior loan transactions, totaling $15.3 billion in financing, during 2012.

"Helping build and strengthen the middle market is central to our business," said John Martin, president and CEO of GE Antares Capital. "In 2012, we provided many middle market companies with the financial capital they needed to grow their businesses and prepare for the future. We expect this level of lending to continue into 2013."

During 2012, GE Antares also closed $2.9 billion in commitments through the Senior Secured Loan Program (SSLP), through which it co-invests with Ares Capital Corporation in first lien senior secured loans. Since January 2010, the SSLP has committed approximately $9.1 billion to middle market borrowers.

"While 2012 saw the effects of events in Europe and the fiscal cliff, investors were still active and there was a normal, steady stream of activity in the market," continued Martin. "We saw many of our long-term customers remaining active and turning to GE to support their growth."



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