E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/25/2011 in the Prospect News Bank Loan Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.