NewswireToday - /newswire/ -
Norwalk, CT, United States, 2011/01/14 - GE Capital, Corporate Finance announced it is administrative agent on a $150 million asset-based revolving credit facility for ArchBrook Laguna, an electronics and computer products distributor (NYSE: GE). NYSE: GE
The loan refinances and increases an existing credit facility and will be used to support growth and working capital needs. GE Capital Markets served as sole lead arranger. GE Capital, Commercial Distribution Finance also provides the company with inventory financing.
Headquartered in Carlstadt, NJ, ArchBrook Laguna is a distributor of brand-name consumer electronics and computer products. The company supplies computers, cameras, printers, televisions, projectors and small appliances to retailers across the U.S.
“GE’s long-term commitment and their ability to structure financing to accommodate our evolving business needs provided us with the flexibility and resources to grow,” said Michael F. McIntyre, vice president of finance for ArchBrook Laguna.
“Technology and electronics is one of our specialties,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “We work closely with clients to understand their business objectives and provide a financing solution that works.”
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, beverage and agribusiness; 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. 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 (@GECapitalNews). GE (ge.com) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.
Jeff Wilson - GE Capital, Corporate Finance
P: +1 203 749 6340 / E: Jeffrey.Wilson[.]ge.com.