OREANDA-NEWS. GE Capital, Corporate Finance today announced it is administrative agent on USD 135 million in senior secured financing for KingЃfs Hawaiian, a Torrance, CA-based manufacturer of bread and rolls. The financing will be used to expand the companyЃfs production capacity and for working capital. GE Capital Markets served as sole lead arranger and bookrunner on the senior loan portion of the facilities.

Founded in Hilo, Hawaii in 1950, KingЃfs Hawaiian is a familyЃ]owned and operated business dedicated to making Hawaiian products, including the original Hawaiian sweet dinner roll, the number one dinner roll sold throughout the U.S. The company operates baking facilities in Torrance, CA and Oakwood, GA.

ЃgGE understands our needs because of our longstanding relationship, and this has allowed them to successfully structure three separate credit facilities,Ѓh said Mark Taira, CEO of KingЃfs Hawaiian. ЃgIn addition to structuring expertise, we also value having a lender with deep knowledge of the food and consumer packaged goods markets.Ѓh
ЃgWe appreciate the challenges and opportunities mid-size food companies face,Ѓh said Chris Nay, senior managing director, Food & Beverage, GE Capital, Corporate Finance. ЃgFrom manufacturers to wholesalers and distributors, we work closely with companies across the industry to provide flexible financing to help them succeed.Ѓh