GE Corporate Lending Provides Goody's with Debtor-in-Possession Credit Facility

GE Corporate Lending Provides Goody's with Debtor-in-Possession Credit Facility
July 01, 2008

Stamford, Conn.-based GE Commercial Finance Corporate Lending announced today it has extended a $175 million debtor-in-possession credit facility to Knoxville, Tenn.-based Goody's Family Clothing Inc. The transaction, which was arranged by GE Capital Markets, will provide working capital for Goody's to use as it restructures under Chapter 11. GE Commercial Finance Corporate Lending—one of North America's largest financial solution providers—has $17 billion in assets and operates more than 30 offices throughout the U.S. and Canada.

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