GE Capital agents credit facilities of $725M for Genesis HealthCare

theflyonthewall.com

GE Capital, Healthcare Financial Services announced that it is serving as administrative agent on a $400M asset-based revolving credit facility, and as syndication agent on a $325M cash flow term loan credit facility, for Genesis HealthCare. The financing was used to support Genesis’ acquisition of Sun Healthcare Group, Inc. GE Capital Markets served as joint lead arranger and sole bookrunner for the revolving loan and joint lead arranger and joint bookrunner on the term loan.

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