GE Capital Co-Leads $200 Million Loan for Quiksilver

2009-09-23 14:32:04 -

GE Capital, Corporate Retail Finance announced it acted as collateral agent on a $200 million asset-based credit facility for Quiksilver (NYSE:ZQK), a leading retail apparel and footwear manufacturer. The loan, which was previously announced by the company, will be used for working capital needs. GE Capital Markets served as co-lead arranger.

Quiksilver, based in Huntington Beach, CA, is an outdoor sports

lifestyle company, which designs, produces and distributes a diversified mix of branded apparel, footwear, accessories and related products. The company’s products are sold in over 90 countries.

“GE’s ability to commit a significant amount of capital helped to provide us with the liquidity we desired”, said Joe Scirocco, CFO for Quiksilver. “Also, their in-depth retail finance knowledge enabled us to quickly complete this transaction, which was integral to our ability to simultaneously execute other financing transactions both in the U.S. and in Europe.”

“From collateral values to industry trends, we specialize in understanding the retail finance landscape,” said Jim Hogan managing director of GE Capital, Corporate Retail Finance. “Especially in an uncertain market environment, retailers appreciate having a lender who works with them to understand their needs and can commit capital to help drive business objectives.”


About GE Capital, Corporate Retail Finance

GE Capital, Corporate Retail Finance is a leading provider of senior secured loans to retailers, primarily in the U.S., to support working capital, growth, acquisitions and more. Visit gelending.com/clnews : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .



About GE Capital

GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at ge.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

GE Capital, Corporate Retail FinanceJeff Wilson, 203-749-6340 jeffrey.wilson@ge.com : mailto:jeffrey.wilson@ge.com orGE
Capital, NorwalkNed Reynolds, 203-229-5717 ned.reynolds@ge.com : mailto:ned.reynolds@ge.com