Leveraged Food, Beverage & Agribusiness Loan Volume Up 42% Y/Y
MAR 20, 2014 - 3:53 pm
In its latest Industry Research Update on Food, Beverage & Agribusiness, GE Capital said global leveraged loan volume encompassing these sectors in 2013 totaled $130.9 billion, a 42% increase year-over-year.
GE Capital commitments, Americas only, as of December 2013, were $13.0 billion encompassing retail & restaurants @ $6.7 billion; food & beverage manufacturers @ $2.9 billion; agribusiness @ $1.9 billion and wholesalers & distributors @ $1.5 billion.
The following highlights were excerpted from the report:
Consumers were less optimistic in February, expressing concern regarding the short term economic outlook, according to The Conference Board. U.S. consumer confidence was reported at 78.1 in February (1985=100), -1.6% lower than prior month.
Economic conditions in the U.S. are slowly improving. However, the recent 0.1% rise in the U.S. unemployment rate, instability in countries including Syria and Ukraine, as well as extremely cold weather conditions in the U.S. are all factors influencing consumer sentiment and spending.
The Consumer Price Index (CPI) for food and beverages increased +1.1% in January Y/Y. Food at home inflation rose +0.5%, a slower rate than the +2.0% increase in food away from home.
The Producer Price Index (PPI) increased +0.7% Y/Y in January, according to the U.S. Bureau of Labor Statistics.
Drought conditions continue in California, the top U.S. agricultural producer, and could lead to higher produce prices. U.S. drought conditions currently stretch from the West Coast to portions of the Mississippi.
To read the entire GE Capital Industry Research Update, click here.
Ken Walters found his industry niche at CIT, where he worked for 18 years across many disciplines, including internal audit, equipment finance, capital markets and equity investment. He then led Emigrant Bank’s private equity investment group, Emigrant Capital, for seven... read more
Sam Smith’s interest in equipment started at a young age, as his father was CEO of a manufacturer of injection molding machines. Smith initially became fascinated by the plastics and packaging industries, but as his career progressed, he and his... read more