NewswireToday - /newswire/ -
Chicago, IL, United States, 2015/01/08 - GE Capital, Corporate Finance announced it is serving as administrative agent on a $600 million revolving credit facility for Axiall Corporation - GECCF.com. NYSE: GE
The new, larger facility will be used for general working capital and to support the company’s ongoing growth. GE Capital Markets served as co-lead arranger and joint book runner on the facility.
Based in Atlanta, Axiall manufactures and markets chemicals and building products for sale worldwide. The Company operates through three segments: Chlorovinyls, Building Products, and Aromatics.
“GE has been a supportive and responsive lender for Axiall since the relationship began five years ago,” said Tom Donahue, Vice President & Corporate Treasurer, Axiall. “They have a strong understanding of our business, and have worked with us and the bank group to add flexibility and increase the size of our revolving credit line to help support our growth.”
“Expanding Axiall’s credit facility helps support the company as they continue to grow,” said Bob McCarrick, chief commercial officer lending at GE Capital, Corporate Finance. “We look to customize our financial solutions to meet the unique needs of our mid-size customers.”
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 expanding in North America, Asia and Europe. 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.