TRLPC-GE Capital sale shakes up U.S. middle market lending

April 17, 2015 1:18 PM

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NEW YORK, April 17 (Reuters) - General Electric Co's plans to sell most of its finance unit, GE Capital, will create opportunities for new lenders in U.S. middle market leveraged loans as a dominant player in commercial lending and sponsor finance leaves the field.

GE announced plans on April 10 to shed approximately $200 billion in GE Capital assets, including its $74 billion U.S. commercial lending and leasing unit and its $16 billion sponsor finance business, which finances private equity buyouts.

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