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GE Capital provides $200 million to US specialty retailer Talbots

GE Capital, Corporate Retail Finance today announced it agented a USD200 million asset-based credit facility for The Talbots, Inc., a leading women’s apparel retailer. The loan will be used to refinance debt, acquire BPW Acquisition Corporation and for ongoing working capital. GE Capital Markets served as sole lead arranger.

Founded in 1947, Hingham, MA-based The Talbots, Inc. is a retailer and direct marketer of classic women’s apparel, shoes and accessories. The Company currently operates stores in 587 locations in 47 states, the District of Columbia, and Canada. Its online shopping site and direct marketing operation circulated approximately 55 million catalogs worldwide in 2008.

(Source: Business Wire)