Talbots secures loan from GE Capital

Hingham, Mass. Talbots said it has received $200 million in financing from GE Capital, the Boston Business Journal reported.

The retailer is in the midst of consummating a $350 million refinancing arrangement with a private-equity backed shell company affiliated with Parella Weinberg Partners.

The GE loan will be used for working capital, to refinance debt and to help complete the deal with the private-equity group.