In late 2006, Corporate Solutions Group worked with Heartland to close an employee stock ownership plan. When Heartland Brewery began looking for additional financing, Corporate Solutions Group suggested GE Capital Solutions, Franchise Finance.
GE Capital Solutions, Franchise Finance has loaned Heartland Brewery $20 million in senior term debt, $10 million in a revolving line of credit and $5 million in a development facility.
Jon Bloostein, president of Heartland Brewery, said: The flexibility of GE Capital Solutions, Franchise Finance to craft a deal that met our specific needs allows our business to fully finance the initiatives that will make us even more successful as an employee-owned company.
