GE Capital Finances New Chicago Brewery For Lagunitas

CHICAGO--()--GE Capital, Corporate Finance today announced it is providing Lagunitas Brewery with a $20 million credit facility to equip the company’s new Chicago brewery.

Lagunitas, founded in 1991 and headquartered in Petaluma CA, is one of the nation’s fastest-growing craft brewers. The company is opening a 600,000-barrel capacity brewery in the Douglas Park neighborhood of Chicago, where it held a ribbon-cutting ceremony on June 17, 2014.

“GE Capital understands the craft beer industry and worked closely with us to develop the right financing solution,” said Tony Magee CEO of Lagunitas. “Having a lender with targeted industry expertise helps us to meet our growth and expansion needs.”

“Lagunitas has been on a remarkable growth trajectory, and we are excited to be able to work with them to expand to a new brewery in Chicago,” said Chris Nay, senior managing director, Food & Beverage, GE Capital, Corporate Finance. “Helping mid-size companies achieve their growth plans is our specialty.”

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.

Contacts

GE Capital, Corporate Finance
Jennifer Sampson, 312-441-7055
jennifer.sampson@ge.com
or
GE Capital, Americas
Tara Lambropoulos, 312-441-7854
tara.lambropoulos@ge.com

The GE Capital and Lagunitas team celebrate the opening of the Lagunitas facility June 17th. From left to right: Mike Dallape - Senior Vice President GE Capital Food & Beverage Group; Leon Sharyon - CFO Lagunitas Brewing Company; Tony Magee - CEO and Founder Lagunitas Brewing Company; Trevor Schauenberg - President & CEO GE Capital, Corporate Finance; Colin Guheen - SVP Risk- Food, Beverage & Agribusiness Investments; Eric Dusch - Chief Commercial Officer GE Capital, CF Equipment Finance. (Photo: Business Wire)

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Contacts

GE Capital, Corporate Finance
Jennifer Sampson, 312-441-7055
jennifer.sampson@ge.com
or
GE Capital, Americas
Tara Lambropoulos, 312-441-7854
tara.lambropoulos@ge.com