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GE Capital Provides $20MM Equipment Line to Chicago Brewery

June 23, 2014, 06:45 AM

GE Capital, Corporate Finance announced it is providing Lagunitas Brewery with a $20 million credit facility to equip the company’s new Chicago brewery.

Lagunitas, founded in 1991 and headquartered in Petaluma CA, is one of the nation’s fastest-growing craft brewers. The company is opening a 600,000-barrel capacity brewery in the Douglas Park neighborhood of Chicago, where it held a ribbon-cutting ceremony on June 17, 2014.

“GE Capital understands the craft beer industry and worked closely with us to develop the right financing solution,” said Tony Magee CEO of Lagunitas. “Having a lender with targeted industry expertise helps us to meet our growth and expansion needs.”

“Lagunitas has been on a remarkable growth trajectory, and we are excited to be able to work with them to expand to a new brewery in Chicago,” said Chris Nay, senior managing director, Food & Beverage, GE Capital, Corporate Finance. “Helping mid-size companies achieve their growth plans is our specialty.”

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