Back to top

Analyst Blog

GE Capital, Corporate Retail Finance, an operating unit of General Electric Company (GE - Analyst Report), recently served as the administrative agent and the sole lender for a senior secured credit facility worth $300 million for Samuels Jewelers. The debt financing will be utilized by Samuels Jewelers for its working capital requirements to fuel further growth and refinance its existing debt.

Headquartered in Austin, TX, Samuels Jewelers has over 120 years of experience in offering contemporary and uniquely-styled fine jewelry items through its retail stores that are spread across the country as well as through online platform. The company focuses on quality shopping experience for customers and strives to provide the best value in terms of merchandise quality, price, and service through skilled associates.

Samuels Jewelers will primarily use the credit facility to increase its liquidity and refinance the debt to reduce interest burden. Moving forward, Samuels Jewelers further expects to benefit from the industry insight of General Electric to consolidate its business.  

General Electric is one of the largest and the most diversified technology and financial services corporations in the world. With products and services ranging from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, media content and industrial products, the company serves over 100 million customers worldwide.

Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. GE Capital, Corporate Retail Finance provides senior secured loans to support the working capital requirements of retailers.

General Electric currently has a Zacks Rank #3 (Hold). Other players in the industry worth mentioning include LSB Industries Inc. , ITT Corporation (ITT - Analyst Report) and Marubeni Corporation , each carrying a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%