GE Antares Capital Is Agent on USD 66 Million Credit Facility
OREANDA-NEWS. GE Antares, a unit of GE Capital, announced today it is administrative agent on a USD 66 million senior secured credit facility to support the acquisition of Gold Star Foods by Castle Harlan. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Headquartered in Ontario, California, Gold Star Foods is a leading distributor of food to K-12 schools serving over 3,500 schools in over 380 districts. The company has been recognized nationwide by the United States Department of Agriculture and the American School Food Service Association as one of the outstanding food service distributors to school districts.
“GE Antares is a long-term partner to Castle Harlan. Their constructive financing structure and ability to move quickly through every stage of the deal process made them an excellent financing partner,” said Bill Pruellage, Co-President of Castle Harlan.
“I’m excited to be financing another successful acquisition by Castle Harlan,” said Doug Cannaliato, managing director of GE Antares, “In partnership with management, Castle Harlan will enable Gold Star Foods to continue to grow, and we look forward to helping finance this growth.”