Home / Knowledge / News / Apparel/Garments / GE Capital arranges $100mn Bilabong new credit facility
GE Capital arranges $100mn Bilabong new credit facility
29
Jan '14
GE Capital announced that it is serving as administrative agent on a $100 million multi-currency revolving credit facility for Billabong International, the Australia-based sports-apparel company.

The new credit facility, which closed in December, will be used to refinance existing debt and provide working capital to support the company’s growth. GE Capital Markets served as lead arranger on the facility.

Billabong is engaged in wholesaling and retailing of surf, skate and sports apparel, accessories and hardware and the licensing of the company’s trademarks to specified regions of the world. The company’s brands include Billabong, Element, Von Zipper, Kustom, Palmers, Honolua, Xcel, Tigerlily, Sector 9 and RVCA. Billabong is headquartered in Burleigh Heads, Australia.

"This facility is an important part of our wider refinancing strategy as we undertake a turnaround of our global operations," said Peter Myers, chief financial officer, Billabong. "We operate in multiple international markets and GE Capital can support us in a range of them."

“We are very pleased to be able to put together this multi-country, multi-currency facility for Billabong,” said Bob McCarrick, chief commercial officer—lending at GE Capital, Corporate Finance. “We are focused on serving the middle market, around the world, and feel we can bring a unique set of capabilities to help companies like Billabong to continue to grow.”

About GE Capital

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). 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.

GE Capital

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search