GE Capital, Corporate Retail Finance said it acted as collateral agent on a $200 million asset-based credit facility for Quiksilver. The loan, which was previously announced by the company, will be used for working capital needs. GE Capital Markets served as co-lead arranger.


“GE’s ability to commit a significant amount of capital helped to provide us with the liquidity we desired”, said Joe Scirocco, CFO for Quiksilver. “Also, their in-depth retail finance knowledge enabled us to quickly complete this transaction, which was integral to our ability to simultaneously execute other financing transactions both in the U.S. and in Europe.”


“From collateral values to industry trends, we specialize in understanding the retail finance landscape,” said Jim Hogan managing director of GE Capital, Corporate Retail Finance. “Especially in an uncertain market environment, retailers appreciate having a lender who works with them to understand their needs and can commit capital to help drive business objectives.”