ge antares, a unit of ge capital, announced it is serving as administrative agent on the 1.005 billion first lien portion of a 1.3 billion senior credit facility to support the acquisition of packaging dynamics corporation by novolex, a wind point partners portfolio company. ge capital markets served as joint lead arranger and joint bookrunner on the entire 1.3 billion facility.novolex is a leading bag and specialty packaging company operating under the duro bag, fortune plastics, and hilex poly brands. packaging dynamics, headquartered in chicago, manufactures flexible, paperbased food packaging products including specialty bags, sheets and wraps, interfolded tissue, pan liners and freezerbutcher paper products, as well as laminated foil products. the newly combined company has 35 manufacturing locations in north america, and a plastics recycling facility.&ldquoge antares has been a highly responsive and reliable financing partner for us as we&rsquove grown the novolex platform over the last few years,&rdquo said alex washington, managing director at wind point partners.&ldquonovolex has made three successful, diversifying acquisitions since we started working with them in 2012,&rdquo said mike hynes, a managing director with ge antares. &ldquowe&rsquore pleased to continue to support wind point and the novolex team&rsquos vision to build the market leader in flexible packaging.&rdquonovolex, based in hartsville, s.c., is an industry leading manufacturer of paper and plastic flexible packaging products, ranging from bags for grocery, retail and food service markets, to can liners and specialty films.packaging dynamics is a leading flexible packaging and specialty laminations company providing innovative solutions to customers in each of its five businesses &ndash bagcraftpapercon, internal converter, de luxe, pac paper and general packaging.wind point partners is a private equity investment firm that partners with top caliber ceos to acquire middle market businesses where the firm can establish a clear path to value creation.ge antares is a unit of ge capital. with offices in atlanta, chicago, los angeles, toronto, new york, and san francisco, ge antares is a leading middle market lender, offering a &ldquoonestop&rdquo source for ge&rsquos lending and other services offered to middle market private equity sponsors. 
