OREANDA-NEWS.    GE Capital, Corporate Retail Finance today announced it is providing Brookstone, the product development company and specialty retailer, with a USD 115 million senior credit facility. The financing will be used to support the company’s recent acquisition by Sailing Innovation (Sailing) and general working capital needs.

Founded in 1965 and headquartered in Merrimack, New Hampshire, Brookstone is known for its functional and unique consumer products. The company is a multi-channel retailer, operating more than 240 retail locations across the U.S. and Puerto Rico, primarily in shopping malls and airports. Brookstone also operates a direct-to-consumer catalog, an e-commerce website and a wholesale business. Under the Sailing umbrella, Brookstone will continue to operate as a stand-alone business in the U.S., as well as focusing on expanding the brand globally.

“GE Capital helped to develop a financing solution that was tailored to our needs,” said Jim Speltz, president & CEO of Brookstone. “Their in-depth retail experience will continue to support our objectives while we remain focused on delivering a robust pipeline of innovative and useful products to our customers.”

“We worked closely with Brookstone and Sailing to help position the retailer for success,” said Rob McMahon, senior managing director at GE Capital, Corporate Retail Finance. “We have the expertise to help acquirers and mid-size retailers achieve their goals."