GE Capital Leads $45 Million Senior Credit Facility for The Brooklyn Hospital Center

  GE Capital Leads $45 Million Senior Credit Facility for The Brooklyn
  Hospital Center

Business Wire

BETHESDA, Md. -- January 22, 2013

GE Capital, Healthcare Financial Services announced today that it is serving
as administrative agent on a $45 million senior secured credit facility for
The Brooklyn Hospital Center. The financing refinanced existing debt and is
being used for ongoing working capital needs. GE Capital Markets served as
sole lead arranger and bookrunner on the facility.

Headquartered in Brooklyn, NY, The Brooklyn Hospital Center (TBHC) is a
464-bed not-for-profit acute care hospital. Affiliated with New York
Presbyterian Health System, TBHC offers a full range of high-quality
inpatient, ambulatory and emergency services together with the finest
specialty care and latest technology.

“GE Capital, Healthcare Financial Services has been part of our lending group
for many years, so they know our business well and brought that knowledge to
bear when leading this current round of financing,” said Joseph Guarracino,
senior vice president and CFO for The Brooklyn Hospital Center. “They worked
diligently to structure the loan to meet our needs and delivered what they
promised within a tight timeframe.”

“Our approach with every customer is to fully understand their needs, their
assets and their longer-term goals so that we can deliver an optimal financing
solution,” said Al Aria, senior managing director of Corporate Finance at GE
Capital, Healthcare Financial Services. “We’re pleased to continue our
relationship with The Brooklyn Hospital Center and support them in a greater
capacity.”

About GE Capital, Healthcare Financial Services

With in-depth industry knowledge and expertise, GE Capital, Healthcare
Financial Services has provided more than $60 billion in financing over ten
years to companies in over 45 healthcare sectors including senior housing,
hospitals, medical offices, outpatient services, pharmaceuticals and medical
devices. Our team of professionals creates business and financial solutions
tailored to meet the individual needs of our customers. For more information,
visit gecapital.com/healthcare.

GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (@GECapital or @GELendLease). 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 the company's website
at www.ge.com.

Contact:

GE Capital, Americas
Ned Reynolds, 203-229-5717
ned.reynolds@ge.com
 
Press spacebar to pause and continue. Press esc to stop.