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GE Capital and Ares Capital Increase Available Capital to Senior Secured Loan Program to $9 Billion



  GE Capital and Ares Capital Increase Available Capital to Senior Secured
  Loan Program to $9 Billion

Business Wire

NEW YORK & NORWALK, Conn. -- January 30, 2013

The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of
Ares Capital Corporation and an affiliate of GE Capital, announced today that
its total available capital has increased from $7.7 billion to $9.0 billion.
In connection with this expansion, GE Capital and an affiliate agreed to make
available to the SSLP up to approximately $7.25 billion and Ares Capital
agreed to make available to the SSLP up to approximately $1.75 billion.

“We are excited about this new expansion of the SSLP which reflects the wide
acceptance of our product and its significant advantages in today’s
competitive marketplace,” commented Kipp deVeer, a Senior Partner of the Ares
Management LLC Private Debt Group.

“The SSLP continues to expand, allowing us to provide a compelling financing
solution for private equity firms and management teams,” said Timothy Lyne,
Senior Managing Director of GE Antares Capital. “We look forward to using this
additional capital to help our customers acquire and grow their businesses in
2013 and beyond.”

During the fourth quarter of 2012, SSLP closed eight financing commitments
totaling approximately $1.3 billion, including four refinancing transactions
of existing portfolio companies. In 2012, SSLP’s commitments totaled
approximately $3.2 billion, including loans to 10 new portfolio companies and
13 existing portfolio companies. Since January 1, 2010, the SSLP has committed
approximately $9.1 billion to middle-market borrowers.

Below is a brief description of three of the fourth quarter SSLP transactions.

Intermedix Corporation / Thomas H. Lee Partners

GE Capital Markets and Ares Capital served as joint lead arrangers and joint
bookrunners in a $330 million senior secured term loan provided by SSLP to
support the refinancing of Intermedix Corporation by Thomas H. Lee Partners.
In addition, Ares Capital served as administrative agent in a $112 million
second lien term loan and GE Capital, through its GE Antares Capital
subsidiary, served as administrative agent for a $50 million senior secured
revolving credit facility in connection with the transaction. Intermedix is a
leading provider of technology-enabled solutions for the US healthcare and
emergency response industries.

Power Holdings, LLC / Kelso & Company

GE Capital Markets and Ares Capital served as joint lead arrangers and joint
bookrunners in a $208 million senior secured term loan provided by SSLP to
support the acquisition of Power Holdings, LLC by Kelso & Co. Power Holdings
is a leading super-regional provider of outsourced critical, scheduled and
emergency maintenance services for power transmission, distribution and
substation infrastructure to municipalities.

BECO Holding Company, Inc. / Freeman Spogli & Co.

GE Capital Markets and Ares Capital served as joint lead arrangers and joint
bookrunners in a $176 million senior secured credit facility provided by SSLP
to support the refinancing of BECO Holding Company, Inc., doing business as
Brooks Equipment Company, a portfolio company of Freeman Spogli & Co. In
addition, GE Capital, through its GE Antares Capital subsidiary, provided a
$15 million senior secured revolving credit facility in support of the
transaction. BECO Holding Company is the nation’s leading business-to-business
wholesale distributor of first response fire protection equipment and related
parts.

About Senior Secured Loan Program

The Senior Secured Loan Program was formed in December 2007 to invest in the
senior secured debt of middle-market companies. Its members are comprised of
Ares Capital Corporation and GE Global Sponsor Finance LLC. The program is
co-managed by GE Commercial Finance Investment Advisory Services LLC and Ares
Capital Management LLC and transactions require approval by the individuals
appointed by the members of the SSLP. The SSLP has $9 billion of available
capital and can hold up to $300 million in a single transaction for borrowers
across a wide range of industry sectors. The SSLP benefits borrowers by virtue
of greater speed, simplicity and certainty, with proven partners.

About Ares Capital Corporation

Ares Capital is a leading specialty finance company that provides one-stop
financing solutions to U.S. middle market companies and private equity
sponsors. Ares Capital originates and invests in senior secured loans,
mezzanine debt and, to a lesser extent, equity investments through its
national direct origination platform. Ares Capital’s investment objective is
to generate both current income and capital appreciation through debt and
equity investments primarily in private companies. Ares Capital has elected to
be regulated as a business development company, and is externally managed by a
wholly owned subsidiary of Ares Management LLC, a global alternative asset
manager and a SEC-registered investment adviser with approximately $59 billion
of committed capital under management as of December 31, 2012. For more
information, visit www.arescapitalcorp.com.

About GE Capital

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). 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.com

About GE Antares Capital

GE Antares Capital is a unit of GE Capital, Sponsor Finance. With offices in
Atlanta, Chicago, Los Angeles, New York and San Francisco, GE Antares is a
leading lender to middle market private equity sponsors. GE Capital Markets
has ranked #1 in the U.S. Sponsored Middle Market Bookrunner League Tables for
three of the past four years. For more information, visit www.geantares.com.

About Intermedix Corporation

Intermedix focuses on the highly fragmented US healthcare and emergency
response systems by delivering information technology and business services to
manage the revenue cycle, promote preparedness and interoperability, and
support incident response management, documentation, and reporting. Intermedix
provides practice management and revenue cycle management services for
emergency physicians and hospital emergency departments, emergency medical
services (ambulance) agencies, anesthesiologists, primary care physicians,
urgent care centers, and fire departments throughout the US. The company also
provides technology solutions for federal, state and local government
agencies, healthcare providers, and corporations using the brand names
WebEOC®, EMResource™, EMTrack™, CORES, TripTix®, and Fleeteyes™. For more
information, visit www.intermedix.com.

About Thomas H. Lee Partners

Thomas H. Lee Partners, L.P. (“THL”) is one of the world’s oldest and most
experienced private equity firms. The firm invests in growth-oriented global
businesses, headquartered principally in North America, across three broad
sectors: Consumer & Healthcare, Media & Information Services and Business &
Financial Services. THL’s team of investment and operating professionals
partner with portfolio company management teams to identify and implement
business process improvements that accelerate sustainable revenue and profit
growth. Since its founding in 1974, THL has raised approximately $20 billion
of equity capital and invested in more than 100 businesses with an aggregate
purchase price of more than $150 billion. THL strives to build great companies
of lasting value and generate superior investment returns. For more
information, visit www.thl.com.

About Power Holdings, LLC

Power Holdings, LLC is comprised of two sister companies: T&D Solutions, LLC
(“T&D”), based in Alexandria, Louisiana, and Associated Diversified Services,
Inc. (“Diversified”), based in Hartselle, Alabama. These companies offer a
full range of outsourced maintenance and construction services to the electric
utility industry, including transmission, substation, overhead and underground
distribution, and storm recovery, among others. T&D and Diversified are the
safety and productivity leaders in their respective markets and, together,
maintain relationships with the largest public and private utility companies
across the Southeastern United States. For more information, visit
www.tdsolutions.com and www.wearediversified.com.

About Kelso & Company

Kelso & Company is one of the oldest and most established firms specializing
in private equity investing. Since 1980, Kelso has made investments in over
115 companies in a broad range of industry sectors. Kelso is currently
investing its eighth investment partnership, Kelso Investment Associates VIII,
L.P., with $5.1 billion of committed capital. For more information, visit
www.kelso.com.

About BECO Holding Company

Headquartered in Charlotte, North Carolina and founded in 1941, BECO is the
nation’s leading business-to-business wholesale distributor of first response
fire protection equipment and related parts. With 18 warehouse locations
across the U.S., BECO’s customers have access to an inventory of over 17,000
fire equipment and MRO products from over 400 industry-leading manufacturers.
The company is well-regarded for its commitment to customer service and
quality products. It has grown both by expanding its offerings and providing
technical and educational support to customers. BECO approaches the market via
its Brooks, Heiser and Logistics brands. For more information, visit
www.brooksequipment.com.

About Freeman Spogli & Co.

Freeman Spogli & Co. is a private equity firm dedicated exclusively to
investing in and partnering with management in consumer-related and
distribution companies in the United States. Since its founding in 1983,
Freeman Spogli has invested $3.1 billion in 48 portfolio companies with
aggregate transaction value of over $18 billion, and is currently investing
out of its sixth fund. Freeman Spogli has offices in Los Angeles and New York.
For more information, visit www.freemanspogli.com.

Contact:

Ares Capital Corporation
Carl Drake, 404-814-5204
cdrake@aresmgmt.com.
or
GE Antares Capital
Jennifer Sampson, 312-441-7055
jennifer.sampson1@ge.com
or
GE Capital, Americas
Ned Reynolds, 203-229-5717
ned.reynolds@ge.com
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