GE deploys $2 billion in debtor-in-possession financing
General Electric deployed $2 billion in debtor-in-possession financing this year, and it proved a rich source of return. This kind of financing goes to companies that are restructuring through Chapter 11 bankruptcy or other methods. "Financing is available for good companies with bad balance sheets, and our in-depth knowledge of the bankruptcy code and restructuring finance allows us to quickly respond to borrowers," said Rob McMahon, managing director of restructuring finance at GE Capital. "This will be critical to more and more companies since the current pace of business bankruptcy filings will likely continue well into next year." New York Times, The/DealBook blog (11/12)