This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE Antares Capital Provides $140 Million Credit Facility To Hilex Poly Co.

GE Antares, a unit of GE Capital, announced today it is serving as administrative agent for a $140 million senior credit facility to support the acquisition of Hilex Poly Co. LLC by Wind Point Partners. GE Capital Markets served as co-lead arranger and sole bookrunner on the transaction.

“GE Antares is committed to our business,” said Michael Nelson, managing director at Wind Point Partners. “They understand the way we work, have a proven track record of execution and deliver consistently in today’s unpredictable market. We appreciate their partnership in financing this transaction and their ability to commit in a tough economic environment.”

Hilex is a United States based company with headquarters in Hartsville, South Carolina. It has nine strategically located manufacturing facilities and the largest closed loop plastic bag recycling plant located in the United States.

“We are pleased to provide financial support to Hilex Poly Co.,” said Dan Barry, senior managing director of GE Antares Capital. “Our relationship with both Hilex Poly Co. and Wind Point Partners demonstrates our support to help build and grow their businesses and our ability to provide leading middle market companies the financial support they need to create enterprise value.”

Hilex is a leader in manufacturing recycled plastic bags into retail “t-shirt” bags and is a producer of a variety of film products. Hilex creates its products through its closed loop recycling process and is involved in a number of green initiatives to increase the use of recycled content in all of its products.

About Wind Point Partners

Wind Point Partners is a private equity investment firm that partners with top caliber executives to acquire middle market businesses where it can establish a path to value creation. Since its founding in 1984, Wind Point has raised seven funds with more than $2.8 billion in commitments and acquired more than 90 platform companies and 160 add-on acquisitions. For more information, visit

About GE Antares Capital

GE Antares is a unit of GE Capital, Americas. We are builders, not bankers. With offices in Atlanta, Chicago, Los Angeles, New York and San Francisco, GE Antares is a leading middle market lender, offering a “one-stop” source for GE’s lending and other services offered to middle market private equity sponsors. For more information, visit the GE Antares website at

About GE Capital

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit or follow company news via Twitter (@GECapitalNews). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. For more information, visit

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs