NORWALK, CT -- October 19, 2011-- GE Capital, Corporate Finance today announced it is the administrative agent for a $150 million asset-based credit facility to United Copper Industries, Inc. (UCI), a leading manufacturer of building wire and cable. The loan was used to support the company's acquisition by KPS Capital Partners, LP and for UCI's ongoing working capital needs. GE Capital Markets served as sole lead arranger and bookrunner.
NORWALK, CT-- September 16, 2011 --- GE Capital, Corporate Finance today announced it is co-syndication agent on a $600 million cash flow-based revolving credit facility for MasTec, Inc. (NYSE:MTZ), a leading infrastructure construction company. The financing will be used for growth and general corporate purposes. GE Capital Markets served as joint lead arranger and book manager.
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NORWALK, Conn.--09 September 2011-- GE Capital, Corporate Finance today announced it is the administrative agent for a $90 million asset-based credit facility for Caraustar Industries Inc., a leading manufacturer of recycled and converted paperboard products. The loan will be used to refinance debt and support working capital needs. GE Capital Markets served as lead arranger and bookrunner.
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NORWALK, Conn.--28 June 2011-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $115 million senior secured credit facility for Grede Holdings LLC, a diversified iron casting supplier. The financing will be used for acquisitions and working capital needs. GE Capital Markets is co-lead arranger.
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NORWALK, CT-- June 27, 2011 --- GE Capital today announced it is administrative agent for a total of $228.9 million in project finance credit facilities to fund the development, construction and operation of Greenpac Mill, LLC, a greenfield recycled linerboard mill by Norampac, a division of Cascades, Inc. (TSX: CAS) and other investors. GE Capital Markets acted as sole lead arranger and sole bookrunner.
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NORWALK, CT-- June 16, 2011 --- GE Capital, Corporate Finance today announced it is administrative agent for a $700 million cash flow credit facility to Blount International, Inc. The loan refinances existing debt and will support growth. GE Capital Markets served as joint lead arranger.
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NORWALK, CT-- June 10, 2011 --- GE Capital, Corporate Finance today announced it is co-lead agent on a $225 million cash flow credit facility for X-Rite, Incorporated, a leading provider of color measurement systems and services. The loan will be used to refinance an existing credit facility and redeem preferred stock. GE Capital Markets served as co-lead arranger.
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NORWALK, Conn.--17 May 2011-- U.S. chief financial officers (CFOs) of middle-market companies are becoming more positive on the state of the industries in which they operate, as well as on the outlook for growth, according to the latest GE Capital survey of middle-market CFOs. In fact, their level of optimism has increased substantially since they were first surveyed in January 2010.
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Rising diesel prices, a driver shortage, complying with government regulations and maintaining aging fleets are significant concerns
IRVING, TX -- Nearly three-quarters (71%) of trucking company executives surveyed by GE Capital, Transportation Finance expect business conditions to improve in 2011 but they are concerned about the impact of external and internal factors on their profit margins. The rising price of diesel, a nationwide shortage of drivers and the twin costs of complying with government regulations and maintaining their own aging fleets are all significant concerns.