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.
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.
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Proprietary site will deliver specialized content plus streamlined account access
IRVING, TX -- GE Capital, Americas will unveil a proprietary web site of premium-rich content to its trucking industry customers at the American Truck Dealers (ATD) Convention and Exposition April 15-18 in Phoenix. Attendees are invited to visit the GE Capital booth for a one-on-one demonstration.
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NORWALK, Conn.--14 April 2011-- GE Capital, Corporate Finance today announced it is co-administrative agent on a $145 million cash flow-based credit facility for Vigor Industrial LLC, a ship building and repair company. The loan is being used to support the acquisition of Todd Shipyards Corporation, a ship repair and maintenance company. GE Capital Markets served as co-lead arranger.
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NORWALK, Conn.--04 April 2011-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $750 million asset-based credit facility for RG Steel, LLC, a flat-rolled steel producer and wholly owned subsidiary of The Renco Group, Inc. The loan will be used to support the acquisition of three steel companies from Severstal North America to form RG Steel, LLC. GE Capital Markets served as co-lead arranger.
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NORWALK, Conn.--31 March 2011-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $1.35 billion asset-based revolving credit facility for Ryerson Inc., a leading metals distributor and processor. The loan will be used to refinance an existing credit facility. GE Capital Markets served as co-syndication agent. GE also provides the company with equipment financing.