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GE Co-Leads $400 Million Credit Facility for JBS USA, Inc.

25 November 2008

US - GE Capital’s Corporate Lending business today announced it co-led a $400 million asset-based credit facility for JBS USA, Inc., the U.S. subsidiary of JBS S.A., the world’s largest beef producer and exporter.

The loan will be used for working capital needs. GE Capital Markets acted as co-lead arranger on the transaction.

Based in Greeley, Colorado, JBS USA, Inc. is the second largest beef processor in the U.S.

“During a challenging capital markets environment, GE coordinated a group of banks which have provided us with liquidity to help our company continue to prosper,” said Andre Nogueira, CFO for JBS USA, Inc.

“The food industry today is a very challenging market,” said Dennis Krause, food, beverage and agribusiness industry leader for GE Corporate Lending. “Having access to more capital provides these companies with the flexibility and liquidity necessary to compete and help execute their business plans.”

Industry Specialization

To better meet the unique financing needs of businesses, GE Corporate Lending has a team of Industry Leaders supported by research analysts. These industry experts help build smarter financing solutions for companies across key industries: Aerospace & Defense; Automotive; Chemicals & Plastics; Construction; Food, Beverage & Agribusiness; Financial & Business Services; Forest Products; Metals and Mining; Restructuring; Retail; Technology & Electronics; and Transportation.

About GE Corporate Lending

With $16 billion in assets, GE Corporate Lending is one of North America’s largest providers of asset-based, cash flow, structured finance and other financial solutions for mid-size and large companies. From over 30 offices throughout the U.S. and Canada, GE Corporate Lending specializes in serving the unique needs of borrowers seeking $20 million to $2 billion and more for working capital, growth, acquisitions, project finance and turnarounds. Visit www.gelending.com/clnews to learn more.

GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work. For more information, visit the company's Web site at http://www.ge.com.

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