GE Antares Capital Provides $85 Million Credit Facility to Kele, Inc.

Date : 08/16/2012 @ 8:00AM
Source : Business Wire
Stock : General Electric Company (GE)
Quote : 14.62  0.13 (0.90%) @ 12:05AM
Gen Electric share price Chart

GE Antares Capital Provides $85 Million Credit Facility to Kele, Inc.

Gen Electric (NYSE:GE)
Historical Stock Chart

5 Years : From Feb 2013 to Feb 2018

Click Here for more Gen Electric Charts.

GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $85 million senior credit facility for Kele, Inc., a portfolio investment of CHS Capital. The financing supported a dividend recapitalization. GE Capital Markets served as sole lead arranger and bookrunner on the transaction.

“GE Capital committed to and placed the facility with its strategic investor relationships, limiting the need for syndication and allowing us to move quickly to closing,” said David Hawkins, partner at CHS CapitalTM. “In addition, our relationship with GE Antares and their deep understanding of our business helped us close this transaction efficiently and successfully.”

Headquartered in Memphis, Tenn., Kele, Inc. is a leading supplier of peripheral control products and services to the building automation industry.

Tim Vargo, president and CEO of Kele, said, “The growth of Kele requires a lender who understands our business and our goals. GE Capital has this understanding and we look forward to working with them as we continue to grow and expand our market reach.”

“We are pleased to provide this financing to support the growth of Kele with CHS Capital,” said Brian Polomsky, senior vice president at GE Antares Capital. “Working with our strategic investor relationships we were able to provide the entire facility. We look forward to leveraging these relationships to continue delivering financing solutions for CHS Capital, Kele and other middle-market leaders.”

About Kele

With nearly 30 years of experience, Kele is a catalog-based supplier of peripheral control products and services to the building automation systems industry. Kele offers the industry’s only one-stop catalog shop for interface products, including transmitters, sensors, switches, gauges, transformers, actuators, relays and transducers. Kele also offers peripheral control products for the lighting industry and security and access control products. For additional information, please visit

About CHS Capital

CHS Capital is a Chicago-based private equity firm with 24 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital accelerates earnings growth and drives value creation through human capital enhancements, performance improvement actions and strategic growth initiatives. CHS Capital has made investments in over 370 businesses and invested $2.9 billion of capital. For additional information, please visit

About GE Antares Capital

GE Antares is a unit of GE Capital, Americas. We are builders, not bankers. With offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco, GE Antares is a leading middle market lender, offering a “one-stop” source for GE’s lending and other services offered to middle market private equity sponsors. For more information, visit the GE Antares website at

About GE Capital

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit or follow company news via Twitter (@GECapitalNews). GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. Visit

Latest GE Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V:us D:20180223 06:46:35