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Tourneau gets $150 million asset-based facility led by GE Capital
By Sara Rosenberg
New York, Feb. 25 - Tourneau closed on a new $150 million asset-based credit facility, according to a news release.
GE Capital Markets is the administrative agent on the deal and served as the lead arranger.
Proceeds will be used for working capital.
Tourneau is a New York-based retailer of fine watches.
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