NORWALK, Conn.--(BUSINESS WIRE)--GE Antares, GE Capital's private equity financing business, today announced it provided a $75 million asset-based loan facility to Motor Coach Industries (MCI) as part of the company's recapitalization enabling the company to emerge from Chapter 11.
MCI manufactures intercity coaches for the tour, charter, line-haul, scheduled service, and commuter transit sectors in the U.S. and Canada. The company also operates eight service centers in the U.S. and Canada and supplies aftermarket parts for most makes and models.