GE Antares, a unit of GE Capital, announced it served as administrative agent on a $107 million multi-currency, cross-border credit facility to McLarens Global Limited (McLarens). The transaction refinanced the company’s senior debt, repaid its subordinated debt and provided flexibility for future acquisitions. GE Capital Markets served as lead arranger and joint book runner on this facility.

“This financing strengthens our financial position in order to grow, both here in the U.S. and abroad,” said Toby Skelton, chief financial officer of McLarens, “We continue to benefit from our relationships with the GE team.”

Headquartered in Atlanta, Georgia, McLarens performs claims management, loss adjusting, pre-risk and damage surveying, and auditing services for companies throughout the world.

“I’m pleased GE Capital was able to deliver its cross-border capabilities and expertise on a complex transaction for McLarens and its private equity owner, Altamont Capital Partners,” said James Kenefick, senior managing director of GE Antares, “We look forward to working with McLarens as the company continues to grow.”

“We’re pleased to have the opportunity to work with our colleagues in the U.S. on closing this transaction for McLarens,” said Howard Sharp, head of U.K. originations and sponsor coverage of GE Capital, “By partnering together, we are able to meet the global needs of our sponsors and their portfolio companies.”

McLarens performs claims management, loss adjusting, pre-risk and damage surveying, and auditing services for companies throughout the world. Specific areas of expertise include Aviation, Agriculture, Property, Casualty, Technical Services, Transportation, Crime & Specie, Claims Management, and Audit. Headquartered in Atlanta, Georgia, USA, McLarens has offices around the world. McLarens’s global footprint enables it to provide streamlined consistent service to global customers, while at the same time delivering local expertise and responsive service. McLarens is the only global, employee-owned loss adjusting firm in the world. McLarens’ adjusters have an average of over 20 years of claims experience, and this experience is a key part of how McLarens has built its reputation for high quality loss adjusting services.