GE Capital, Corporate Finance today announced it is serving as
administrative agent on a $49.5 million senior secured credit facility
for Flavor Producers, Inc. Flavor Producers, a creator of
custom-formulated flavors for food and beverage companies globally, will
use the funds to explore acquisitions as well as for general working
capital needs. GE Capital Markets served as sole lead arranger and
bookrunner on the facility.
Founded in 1981 and headquartered in Valencia, CA, Flavor Producers
closely follows trends, laws and regulations in the food and beverage
industry to develop flavor products for drinks, nutrition bars, dairy
products and cereals, and other food categories.
“We appreciate the extensive food and beverage expertise of the GE
Capital team. Their financing will help us with our short- and long-term
plans,” said Jeff Harris, CEO, Flavor Producers, Inc. “We look forward
to working with them.”
Cyrano Group served as advisor to Flavor Producers and will continue to
provide advisory services as the Company explores new acquisition
opportunities. “Flavor Producers is very well positioned to make
strategic acquisitions and we are glad that the company has partnered
with a terrific group like GE Capital,” said David Bergstein, CEO of
Cyrano Group. Based in Los Angeles, Cyrano Group is a boutique merchant
bank serving the needs of early stage and middle-market companies.
“Flavor Producers has a loyal client base,” said Chris Nay, senior
managing director for GE Capital, Corporate Finance’s food and beverage
group. “We are excited to apply our experience to help them continue to
grow their share of the market.”
About GE Capital, Corporate Finance
GE
Capital, Corporate Finance provides asset-based, cash flow and
structured loans and leases to mid-size and large U.S. businesses
expanding in North America, Asia and Europe. Financing supports working
capital, growth, acquisitions, turnarounds and balance sheet
optimization in key sectors: Aerospace; automotive and transportation;
chemicals and plastics; construction and building products, corporate
aircraft; oil and gas; food and beverage; manufacturing; marine; metals
and mining; paper, packaging and forest products; retail; and technology
and electronics. With Access GE, clients also benefit from access to
GE’s best practices to help build their business. Visit geccf.com/newsroom
or follow @GELendLease
on Twitter.
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit gecapital.com
or follow company news via Twitter (@GECapital). GE (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. For more information, visit ge.com.
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