SOURCE: Great American Group, Inc.

Great American Group, Inc.

September 14, 2010 12:04 ET

GA Capital, LLC, Announces First Lien Loan to Vion Holdings II LLC

WOODLAND HILLS, CA--(Marketwire - September 14, 2010) - Great American Group®*, Inc. (OTCBB: GAMR), today announced that its subsidiary GA Capital, LLC will serve as the administrative agent on a $65 million senior secured term loan to Vion Holdings II LLC. The $65 million term loan facilitated an acquisition by Vion Holdings II LLC. 

"We are thrilled to support Vion with this leverage facility, which diversifies GA Capital's business model into other asset classes, and we look forward to partnering with Vion in its pursuit of other opportunities," said Daniel Platt, President & Portfolio Manager of GA Capital.

Stacey Schacter, Chief Executive Officer of Vion, stated, "Working in conjunction with GA Capital enabled Vion to enhance its bid on the acquisition with a creative financing solution, and we are pleased with the completion of this transaction."

GA Capital, LLC, a subsidiary of Great American Group, Inc., is a provider of secured loans to companies in need of growth or working capital and turnaround or acquisition financing. 

About Great American Group®

Great American Group, Inc. is a leading provider of asset disposition solutions and valuation and appraisal services to a wide range of retail, wholesale and industrial clients, as well as lenders, capital providers, private equity investors and professional service firms. Great American Group has offices in Atlanta, Boston, Chicago, Dallas, London, Los Angeles, New York and San Francisco.

*Great American Group and the Eagle Design are trademarks registered in the US Patent and Trademark Office and are exclusive property of Great American Group, Inc. 

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Contact Information

  • Investor Contacts:
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    Phil Ahn
    SVP Strategy & Corporate Development
    818-884-3737

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