GE Corporate Lending Provides $125 Million Plan of Reorganization Credit Facility...

GE Corporate Lending Provides $125 Million Plan of Reorganization Credit Facility to Hilex-Poly

NORWALK, Conn.--(Business Wire)--
GE Commercial Finance Corporate Lending today announced it
provided a $125 million plan of reorganization credit facility to
Hilex-Poly, a manufacturer of plastic bag and film products, on July
9, 2008. The financing was used to refinance the company's
debtor-in-possession (DIP) financing upon the company's emergence from
a pre-packaged Chapter 11 bankruptcy. In May, GE also provided the
company with a $140 million DIP credit facility to support the
company's pre-packaged Chapter 11 filing. GE Capital Markets arranged
both transactions.

Based in Hartsville, SC, Hilex currently operates 10 manufacturing
facilities across the U.S. Their products range from bagging systems
to agricultural films.

"We specialize in meeting the financing needs of our customers in
both good and challenging times," said Rob McMahon, managing director
of GE Corporate Lending's Restructuring group. "In addition, GE's
access to capital and turnaround finance experience expedites the
lending process and provides liquidity to borrowers when they need it
most."

About GE Corporate Lending

With $16 billion in assets, GE Commercial Finance Corporate
Lending is one of North America's largest providers of asset-based,
cash flow, structured finance and other financial solutions for
mid-size and large companies. From over 30 offices throughout the U.S.
and Canada, GE Corporate Lending specializes in serving the unique
needs of borrowers seeking $20 million to $2 billion and more for
working capital, growth, acquisitions, project finance and
turnarounds. Visit www.gelending.com/clnews to learn more.

About GE Commercial Finance

GE Commercial Finance, which offers businesses around the globe an
array of financial products and services, has assets of over $300
billion and is headquartered in Norwalk, Connecticut. GE (NYSE: GE) is
a diversified global infrastructure, finance and media company that is
built to meet essential world needs. From energy, water,
transportation and health to access to money and information, GE
serves customers in more than 100 countries and employs more than
300,000 people worldwide. GE is Imagination at Work. For more
information, visit the company's Web site at http://www.ge.com.

GE Corporate Lending, Norwalk
Jeff Wilson, 203-229-1887
jeffrey.wilson@ge.com
or
GE Commercial Finance, Norwalk
Ned Reynolds, 203-229-5717
ned.reynolds@ge.com

Copyright Business Wire 2008