GE Antares Capital Provides $140 Million Credit Facility to Hilex Poly Co.

  GE Antares Capital Provides $140 Million Credit Facility to Hilex Poly Co.

Business Wire

CHICAGO -- December 03, 2012

GE Antares, a unit of GE Capital, announced today it is serving as
administrative agent for a $140 million senior credit facility to support the
acquisition of Hilex Poly Co. LLC by Wind Point Partners. GE Capital Markets
served as co-lead arranger and sole bookrunner on the transaction.

“GE Antares is committed to our business,” said Michael Nelson, managing
director at Wind Point Partners. “They understand the way we work, have a
proven track record of execution and deliver consistently in today’s
unpredictable market. We appreciate their partnership in financing this
transaction and their ability to commit in a tough economic environment.”

Hilex is a United States based company with headquarters in Hartsville, South
Carolina. It has nine strategically located manufacturing facilities and the
largest closed loop plastic bag recycling plant located in the United States.

“We are pleased to provide financial support to Hilex Poly Co.,” said Dan
Barry, senior managing director of GE Antares Capital. “Our relationship with
both Hilex Poly Co. and Wind Point Partners demonstrates our support to help
build and grow their businesses and our ability to provide leading middle
market companies the financial support they need to create enterprise value.”

Hilex is a leader in manufacturing recycled plastic bags into retail “t-shirt”
bags and is a producer of a variety of film products. Hilex creates its
products through its closed loop recycling process and is involved in a number
of green initiatives to increase the use of recycled content in all of its

About Wind Point Partners

Wind Point Partners is a private equity investment firm that partners with top
caliber executives to acquire middle market businesses where it can establish
a path to value creation. Since its founding in 1984, Wind Point has raised
seven funds with more than $2.8 billion in commitments and acquired more than
90 platform companies and 160 add-on acquisitions. For more information, 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) works on
things that matter. The best people and the best technologies taking on the
toughest challenges. Finding solutions in energy, health and home,
transportation and finance. For more information, visit


GE Capital, Americas
Ned Reynolds, 203-229-5717
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