Ares, GE Capital Devote $7.7B To Lending Program

Law360, New York (October 18, 2011, 2:46 PM EDT) -- Investment firm Ares Management LLC’s business development arm and GE Capital on Tuesday announced that they had increased the size of their joint lending program to $7.7 billion, underscoring the success of their debt financing venture.

Ares Capital Corp. and an affiliate of GE Capital are expanding their $5.1 billion Senior Secured Loan Program to provide more financing to private equity sponsors and middle-market companies, with Ares contributing roughly $1.5 billion and GE Capital devoting $6.2 billion to the kitty.

“The increased size of the SSLP...
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