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  • Royal Properties inks three Orange County, N.Y., deals

    New York -- Royal Properties has announced three lease signings in Orange County, N.Y. — two with Miracle Ear and one with Tiger Schulmann’s Mixed Martial Arts.

    Miracle Ear has signed a seven-year lease with a five-year option for 1,500 sq. ft. at Wallkill Plaza in Middletown. Royal Properties and Rand Commercial Services were the brokers in the transaction. Wallkill’s co-tenants include Big Lots, Ashley Furniture, Hobby Lobby, Papa John’s, Texas Roadhouse and Boston Market.

  • GE Capital is sole lender on $100 million credit facility for Samuels Jewelers

    Norwalk, Conn. – GE Capital, Corporate Retail Finance announced it is administrative agent and sole lender on a $100 million senior secured credit facility for Samuels Jewelers. The proceeds will be used to refinance existing debt and to support ongoing working capital needs. GE Capital Markets served as lead arranger.

  • Navigating Today’s Debt Capital Markets

    Borrowers have more flexiblity, but also face more complex marketplace

    For mid-size retail companies — those with anywhere from $10 million to $1 billion in revenue — the combination of today’s steady growth and affordable capital is rare indeed. There is also ample liquidity as traditional middle-market lenders are being joined by institutional investors with deep pockets and a strong desire to participate in these loans. What’s more, new products are available that give borrowers more flexibility. In short, it’s a near ideal environment for midsize company borrowers.

  • Jennifer Aniston joins Saks in cancer cure campaign

    NEW YORK — Saks Fifth Avenue and the Entertainment Industry Foundation have named actress Jennifer Aniston as the EIF ambassador for Saks Fifth Avenue’s 2013 Key to the Cure campaign. 

    In the 14 years since the inception of the Saks Fifth Avenue charity shopping weekend, the company, together with its vendors and partners, has raised more than $33 million for cancer research. 

  • GE Capital empowers contractors with new program

    STAMFORD, Conn. — With the housing market rebounding and home improvement on the upswing, GE Capital Retail Bank is looking to help contractors with a new business-building program called “Think Outside the Toolbox.”

  • Online datacom retailer gets new CEO amid acquisition

    FORT LAUDERDALE, Fla. — CableOrganizer.com, an online retailer of electrical, telecom/datacom/networking, home theater, cable and wire management products, has been acquired by KT Capital Partners and CapitalSouth Partners Funds.

    The company has appointed a new CEO, Gerald P. Quindlen, who previously served as president and CEO of Logitech. Company co-founders Valerie and Paul Holstein, former CEO and COO, respectively, will retain a minority ownership position in the new company.

  • New director nominee for Smucker board

    ORRVILLE, Ohio — The J. M. Smucker Company's board has announced that a new director nominee will be included in the company's proxy statement for election at the next annual shareholders meeting to be held Wednesday, Aug. 14.

    The nominee is Robert B. Heisler Jr., the now-retired dean of the college of business administration and graduate school of management at Kent State University, former CEO of McDonald Financial Group and retired chairman and CEO of KeyBank, N.A.  

  • GE Capital is administrative agent on credit facility for Lord & Taylor

    Norwalk, Conn. -- GE Capital announced it is administrative agent on a $550 million senior secured credit facility for Lord & Taylor, a leading North American retailer. The proceeds will be used to refinance debt, support ongoing working capital needs and for other corporate purposes.  

    GE Capital also provided the company with interest rate risk management products and services.  GE Capital Markets served as joint lead arranger and book runner.
     

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