GE Capital Co-Leads Expanded Credit Facility for Clearwater Seafoods

GE Capital Co-Leads Expanded Credit Facility for Clearwater Seafoods 
MONTREAL, June 26, 2013 /CNW Telbec/ - GE Capital, Corporate Finance today 
announced that it is serving as administrative agent on approximately $350 
million in revolving, term loan, and delayed draw term loan credit facilities 
for Clearwater Seafoods (TSX: CLR, CLR.DB.A). The facilities will be used to 
enhance Clearwater's capital structure as well as provide financing for a $45 
million investment in a new vessel for clam harvesting operations. GE Capital 
Markets served as joint lead arranger and joint bookrunner for the credit 
Founded in 1976, Clearwater is one of North America's largest vertically 
integrated seafood companies. 
"We appreciate working with GE Capital, a financial advisor that offers much 
more than just capital," said Ian Smith, chief executive officer of 
Clearwater. "For example, the team at GE provided us with great thought 
leadership in the use of technology to drive the efficient use of energy." 
"We're pleased to expand our long relationship with Clearwater as they 
continue to grow their business," said Kathy Lee, president and CEO, GE 
Capital, Canada. "Our expertise across North America in the food industry, and 
our capital markets capabilities, assisted Clearwater in successfully 
executing this transaction." 
About Clearwater
Clearwater is one of North America's largest vertically integrated seafood 
companies and the largest holder of shellfish licenses and quotas in Canada. 
It is recognized globally for its superior quality, food safety, diversity of 
species and reliable worldwide delivery of premium wild, eco-certified 
seafood, including scallops, lobster, clams, coldwater shrimp, crab and 
Since its founding in 1976, Clearwater has invested in science, people and 
technological innovation as well as resource ownership and management to 
sustain and grow its seafood resource. This commitment has allowed it to 
remain a leader in the global seafood market and in sustainable seafood 
About GE Capital, Canada
With 19 offices throughout Canada, GE Capital ( offers a wide 
variety of financial products and services to address commercial financing and 
fleet management needs in many phases of a business' lifecycle. From equipment 
finance to working capital and growth financing to large asset-based and 
restructuring loans, we apply our wealth of industry expertise to develop 
custom solutions for your company. Some of the industries in which we 
specialize include transportation, construction, manufacturing, aerospace, 
automotive, mining, energy, wholesale, retail, restaurant and hotel franchise 
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. Building, powering, moving and 
curing the world. Not just imagining. Doing. GE works. For more information, 
visit the company's website at 
GE Capital Allison Perkins 203-229-1447 
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ST: Quebec
-0- Jun/26/2013 18:19 GMT
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