GE Capital provides Brookstone with $115 million in working capital

Norwalk, Conn. -- GE Capital announced it is providing Brookstone, the product development company and specialty retailer, with a $115 million senior credit facility. The financing will be used to support the company’s recent acquisition by Sailing Innovation (Sailing) and general working capital needs.

Brookstone operates more than 240 retail locations across the U.S. and Puerto Rico, a direct-to-consumer catalog, an e-commerce website and a wholesale business retail locations. Under the Sailing umbrella, Brookstone will continue to operate as a stand-alone business in the U.S., as well as focusing on expanding the brand globally.

“GE Capital helped to develop a financing solution that was tailored to our needs,” said Jim Speltz, president & CEO of Brookstone. “Their in-depth retail experience will continue to support our objectives while we remain focused on delivering a robust pipeline of innovative and useful products to our customers.”

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