Music fans may not have heard of Muzak before, but in the business world, they’re known for helping companies “create a memorable experience with custom music expertly tailored to your brand” — aka background music to retail stores. Today, GE Capital, Restructuring Finance “announced it is sole collateral agent for a $109 million cash flow plan of reorganization credit facility for Muzak.”
The loan supports Muzak’s exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as sole lead arranger on a portion of the facility.
[via Marketwatch]
