GE Capital, Restructuring Finance Provides $2 Billion in Turnaround Financing Through 3Q 2009

Increased demand for restructuring finance expected to continue through 2010
NORWALK, Conn.--(Business Wire)--
GE Capital, Restructuring Finance ended 3Q as one of the most active providers
of debtor-in-possession (DIP) and plan-of-reorganization (POR) financing in the
U.S. and Canada, arranging or deploying approximately $2 billion throughout the
first nine months of the year.

DIP financing is used by borrowers to fund ongoing working capital needs as they
restructure under Chapter 11. POR, or exit financing, is utilized to support
working capital needs upon emergence from bankruptcy.

"Financing is available for good companies with bad balance sheets, and our
in-depth knowledge of the bankruptcy code and restructuring finance allows us to
quickly respond to borrowers," said Rob McMahon, managing director of GE
Capital, Restructuring Finance. "This will be critical to more and more
companies since the current pace of business bankruptcy filings will likely
continue well into next year."

Throughout 2009, GE Capital, Restructuring Finance has worked with turnaround
advisors and corporate borrowers to meet their needs, including:

* Quebecor - Acted as co-agent on an $800 million exit financing for the U.S.
and Canadian businesses of this worldwide leader in commercial printing. GE
Capital Markets and GE Capital Markets (Canada) Ltd. acted as joint-lead
arrangers.
* Spectrum Brands - Led a $197 million revolving credit facility as part of a
$242 million POR financing for this global consumer products company. GE Capital
Markets served as joint-lead arranger on the revolver. GE also provided interest
rate risk management products and services.
* BI-LO, LLC - Led a $125 million DIP credit facility for one of the largest
supermarket chains in the Southeastern U.S. GE Capital Markets arranged the
transaction.
* Caraustar Industries, Inc. - Provided a $75 million DIP that converted to a
POR facility upon the company`s emergence from bankruptcy. The company is one of
North America's largest integrated manufacturers of 100% recycled paperboard and
converted paperboard products.
* Sportsman`s Warehouse - Provided a $50 million POR credit facility to this
outdoor sporting goods retailer. The loan was used upon the company`s emergence
from Chapter 11 to refinance the $85 million DIP financing GE Capital provided
the company earlier in the year.

About GE Capital, Restructuring Finance

GE Capital, Restructuring Finance is a leading provider of senior secured loans
to distressed companies supporting Chapter 11 filings, plan-of-reorganizations
and out-of-court restructurings. Visit gelending.com/clnews.

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 gecapital.com
or follow company news via Twitter (@GECapitalNews).

GE Capital, Restructuring Finance
Jeff Wilson, 203-749-6340
jeffrey.wilson@ge.com
or
GE Capital, Norwalk
Ned Reynolds, 203-229-5717
ned.reynolds@ge.com

Copyright Business Wire 2009