GE Antares Agents $115 Million Senior Debt Facility for Acquisition of Hearthside Food Solutions
NORWALK, Conn.- GE Antares, a unit of GE Capital, today announced that it has agented a $115 million senior credit facility to facilitate Wind Point Partner’s acquisition of Hearthside Food Solutions. The financing consists of a $20 million five-year revolving credit facility, and a $95 million five-year term loan A.
GE Antares served as Administrative Agent and GE Capital Markets was Joint Lead Arranger and Joint Bookrunner for the transaction.
Hearthside is a Grand Rapids, Michigan-based leader in providing contract packaging and contract manufacturing of specialty food products such as granola bars, croutons, cereals, popcorn, and snack mixes that supplies North America’s leading consumer product companies.
“GE Antares is an excellent partner for us,” said Mark Burgett, Managing Director of Wind Point Partners. “They provide quick feedback and deliver consistently, which is critical in today’s volatile market.”
“We are pleased to support Wind Point Partners in their acquisition of Hearthside”, said Mike Hynes, a Senior Vice President at GE Antares. “This is a great example of delivering capital in a reliable and flexible manner.”
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