NewswireToday - /newswire/ -
Norwalk, CT, United States, 2011/06/10 - 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. NYSE: GE
The loan will be used to refinance an existing credit facility and redeem preferred stock. GE Capital Markets served as co-lead arranger.
Headquartered in Grand Rapids, MI, X-Rite (NASDAQ: XRIT) provides color measurement systems including hardware, software and support services that ensure color accuracy. X-Rite serves a range of industries, including printing, packaging, photography, graphic design, video, automotive, paints, plastics, textiles and medical.
"GE Capital knows our business and the industries we serve," said Raj Shah, chief financial officer of X-Rite. "They helped us optimize our capital structure and we look forward to a long term relationship as we move into the next phase of the company’s growth opportunities."
“We’re eager to help fuel growth at mid-size companies,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “In addition to financing, we strive to add value that leads to long term relationships.”
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. Funding may be provided through GE Capital, Corporate Finance’s affiliate, GE Capital Financial Inc., member FDIC. With Access GE, clients also benefit from access to GE’s best practices. Visit gelending.com/clnews.
Ned Reynolds - GE Capital, Americas
P: +1 203 229 5717 / M: +1 203 837 0699 / E: ned.reynolds[.]ge.com.