Senior Secured Loan Program Closes Over $1.0 Billion in Commitments in the First Quarter of 2015


NEW YORK & NORWALK, Conn.–(BUSINESS WIRE)–The Senior Secured Loan Program (SSLP), jointly operated by an affiliate of Ares Capital Corporation (“Ares Capital”) and an affiliate of GE Capital, announced that during the first quarter of 2015, it had Completed six financing transactions, including refinancings of existing portfolio companies, totaling over $1.0 billion. From January 1, 2010 to March 31, 2015, SSLP committed approximately $19.2 billion to middle market borrowers.

Below is a description of four of the transactions completed during the first quarter.

Diversified catering offer / New Mountain Capital

Ares Capital and GE Capital Markets acted as lead arrangers and joint bookrunners in a $194.0 million senior secured term loan provided by SSLP to support the acquisition of Diversified Foodservice Supply by a fund managed by New Mountain Capital. Diversified Foodservice Supply is a leading distributor of maintenance, repair and operation parts, supplies and equipment for the foodservice industry. The company currently operates under several brands, including AllPoints Foodservice Parts & Supplies, Tundra Restaurant Supply, Franklin Machine Products, Mill Hardware and Restaurant Parts & More.

Gehl Foods / Wind Point Partners

GE Capital Markets and Ares Capital acted as lead arrangers and joint bookrunners in a $161.5 million senior secured term loan provided by SSLP to support the acquisition of Gehl Foods by Wind Point Partners. Gehl Foods is a ready-to-serve dairy product manufacturer based in Germantown, Wisconsin. The company uses an advanced aseptic process to eliminate microorganisms responsible for the spoilage of dairy products and at the same time retain freshness and taste.

Industrial Service Solutions

Ares Capital and GE Capital Markets acted as lead arrangers and joint bookrunners in a $173.9 million senior secured term loan provided by SSLP to support a refinancing of Industrial Service Solutions. Industrial Service Solutions is a uniquely positioned industrial services holding company comprised of geographically diverse yet complementary independent service companies that provide field service, in-store service and supply services to a wide variety of manufacturing markets. end users.

Zywave / Aurora Capital Group

GE Capital Markets and Ares Capital acted as lead arrangers and joint bookrunners in a senior secured credit facility provided by SSLP to support the dividend recapitalization of Zywave, a portfolio company of Aurora Capital Group . Zywave is the leading provider of SaaS technology solutions for the employee benefits and property and casualty insurance distribution industry. The company’s solutions include technology-enabled content and communication, agency automation, and business intelligence and analytics, designed to help insurance brokers of all sizes gain share profitable market.

About the Senior Secured Loan Program

The Senior Secured Loan Program was established in December 2007 to invest in the senior secured debt of middle market companies. Its members are made up 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 SSLP member appointees. SSLP has $11 billion in available capital and can hold up to $350 million in a single transaction for borrowers across a wide range of industry sectors. SSLP benefits borrowers because of greater speed, simplicity, and certainty, with proven partners.

About Ares Capital Corporation

Ares Capital is a leading specialty finance firm that provides unique debt and equity financing solutions to middle-market US companies, venture capital-backed companies and power generation projects. 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 subsidiary of Ares Management, LP (“Ares Management”) (NYSE:ARES). Ares Management is a world leader in listed alternative asset management. For more information, visit However, the content of this website is not and should not be considered incorporated by reference herein.

About GE

GE (NYSE: GE) imagines things others can’t, builds things others can’t, and delivers results that make the world work better. GE brings together the physical and digital worlds like no other company can. In its labs and factories and in the field with its customers, GE is inventing the next industrial age to move, power, build and heal the world. For more information, visit

About GE Capital

GE Capital offers customers around the world a range of products, services and financial information to help them grow their businesses. For more information, visit
or follow company news via Twitter (@GECapital).

About GE Antares Capital

GE Antares is a unit of GE Capital. With offices in Atlanta, Chicago, Los Angeles, New York, Toronto and San Francisco, GE Antares is the leading middle market lender, providing a “one-stop” source for GE loans and other services offered to capital sponsors. -middle market investment. Providing more than $123 billion in financing in the past five years alone, GE Capital was named 2014 Lender of the Year by Mergers and Acquisitions. GE Antares has also been recognized by Private Debt Investor and International private equity as 2013 Lender of the Year, North America and Mid-Cap Lender of the Year, North America, respectively. For more information, visit


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