NORWALK, Conn.--(BUSINESS WIRE)--GE Capital today announced it has provided Accolade Wines, the world’s fifth largest wine producer, with a $300 million cross-border credit facility. The financing will enable the continued global growth of the business.
GE Capital facilitated financing across Australia, the United Kingdom, New Zealand and the United States, giving Accolade seamless access to capital in regions of operation. With its roots in one of the first wineries established in Australia, today Accolade sells wine in over 80 countries.
“GE understands the wine industry, which is an important aspect of our ongoing relationship,” said John Ratcliffe, CEO, Accolade Wines. “GE Capital’s ability to provide global financing will help us continue to grow our business.”
“We help mid-size companies in the food and beverage industry grow their brands,” said Chris Nay, senior managing director, Food & Beverage, GE Capital, Corporate Finance. “Our flexible financing solutions and global reach gives us the unique ability to help companies like theirs reach their goals.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; oil and gas; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE’s best practices to help build their business. Visit geccf.com/newsroom or follow @GELendLease on Twitter.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit 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.