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Senior Secured Loan Program Closes $2.2 Billion In Commitments During The Fourth Quarter Of 2013

Stocks in this article: ARCC GE

The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced today that during the fourth quarter it closed 13 financing transactions, including refinancings of existing portfolio companies, totaling $2.2 billion. Since January 1, 2010, the SSLP has committed approximately $14.2 billion to middle market borrowers, including $5.1 billion during 2013.

Below is a brief description of select fourth quarter SSLP transactions.

PODS, Inc. / Arcapita

GE Capital Markets and Ares Capital served as joint lead arrangers and joint bookrunners in a $350 million senior secured term loan and a $40 million senior secured delayed draw term loan provided by SSLP to support the refinancing of PODS, Inc., a portfolio company of Arcapita. PODS is a leading provider of portable storage and moving solutions specializing in residential markets.

Caliber Collision Centers / OMERS Private Equity

GE Capital Markets and Ares Capital served as joint lead arrangers and joint bookrunners in a $270 million senior secured term loan provided by the SSLP to support the acquisition of Caliber Collision Centers by OMERS Private Equity. Caliber Collision Centers is the largest independently-owned, multi-site collision repair operator in the U.S. Through its GE Antares Capital subsidiary, GE Capital also provided a $75 million senior secured revolving facility in support of the transaction.

Zywave Insurance Solutions / Aurora Capital Group

GE Capital Markets and Ares Capital served as joint lead arrangers and joint bookrunners in a $175 million senior secured term loan and a $15 million senior secured delayed draw term loan provided by SSLP to support the acquisition of Zywave Insurance Solutions by Aurora Capital Group. Zywave Insurance Solutions is a leading provider of software and technology-enabled content and analytical solutions on a software-as-a-service basis to insurance brokers in the U.S., Canada and the U.K.

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