NewswireToday - /newswire/ -
Norwalk, CT, United States, 2014/06/18 - GE Capital, Corporate Finance today announced it is serving as administrative agent on a $160 million revolving credit facility for Huttig Building Product, Inc. (NASDAQ: HBP) - GECCF.com. NYSE: GE
The new facility refinances existing debt and provides an additional $40 million in financing to support future growth. GE Capital Markets served as co-lead arranger.
Huttig, headquartered in St. Louis, MO, is one of the nation’s largest wholesale distributors of millwork, building materials and wood products used principally in new residential construction and in home improvement, remodeling and repair work.
“We have worked closely with GE Capital for many years and appreciate their ability to develop customized financing solutions that truly fit our company’s needs and work to support our growth,” said Jon Vrabely, CEO of Huttig. “GE Capital understands our business and brings a wealth of resources beyond finance to our relationship and organization.”
“Huttig has been a valued customer of ours for many years,” said Bob McCarrick, chief commercial officer lending at GE Capital, Corporate Finance. “Helping clients grow and succeed with a unique combination of financial and intellectual capital is our specialty.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance (geccf.com) 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; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; oil and gas; 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.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services. 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.
Contact: Tara Lambropoulos, GE Capital, Americas
P: 312-441-7854 / M: 312-802-9712