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GE Capital Provides $20MM to New Chicago Brewery for Lagunitas

June 23, 2014, 07:49 AM
Filed Under: Brewery

GE Capital, Corporate Finance 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 Jun. 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.”

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.

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