NewswireToday - /newswire/ -
Norwalk, CT, United States, 2012/03/05 - GE Capital, Corporate Finance announced it is co-collateral agent on a $100 million asset-based revolving credit facility for Federal Signal Corporation (NYSE: FSS), a leading designer and manufacturer of safety and security products and systems. NYSE: GE
GE Capital, Corporate Finance today announced it is co-collateral agent on a $100 million asset-based revolving credit facility for Federal Signal Corporation (NYSE: FSS), a leading designer and manufacturer of safety and security products and systems. The financing will be used to refinance debt and provide working capital.
Founded in 1901 and headquartered in Oak Brook, Illinois, Federal Signal Corporation has manufacturing facilities worldwide producing a wide array of products from safety and security lights and siren systems to street sweepers. The company serves municipal, government, industrial and institutional customers.
“As part of a global industrial company, GE Capital has a keen sense of manufacturing and helped us complete our overall refinancing,” said Bill Barker, CFO of Federal Signal Corporation. “The new credit facility has the flexibility to support both day-to-day working capital and growth.”
“We work to meet the unique financing needs of today’s mid-size manufacturers,” said Tom Quindlen, president and CEO, GE Capital, Corporate Finance. “Industry experience and expertise and strong relationships with clients help us provide smart capital to build businesses.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; financial and business services; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE’s best practices to help build their business. Visit gelending.com/clnews.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance.
Jeff Wilson - GE Capital, Corporate Finance
P: +1 203 749 6340 - E: Jeffrey.Wilson[.]ge.com.