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.

“GE Capital knows our company well, and works closely with us to provide the financing we need to run our business,” said Robert Herman, CFO for Samuels Jewelers, Austin, Texas. “We particularly value their ability to finance our unique inventory and receivables.”

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