NewswireToday - /newswire/ -
Norwalk, CT, United States, 2011/09/16 - GE Capital, Corporate Finance today announced it is co-syndication agent on a $600 million cash flow-based revolving credit facility for MasTec, Inc. (NYSE: MTZ), a leading infrastructure construction company (NYSE: GE). NYSE: GE
The financing will be used for growth and general corporate purposes. GE Capital Markets served as joint lead arranger and book manager.
Headquartered in Coral Gables, FL, MasTec, Inc. provides building, installation, maintenance and upgrades for energy, communication and utility infrastructure. This includes electric utility transmission and distribution, renewable energy, natural gas and petroleum pipeline infrastructure, wireless, wireline, satellite communication, industrial infrastructure and water and sewer systems.
“GE Capital’s significant financial commitment helped us secure incremental capital to foster our growth objectives," said Robert Campbell, chief financial officer of MasTec, Inc. "In addition to financing, we value GE’s overall ability to support MasTec’s changing needs.”
“We have come to know and understand MasTec’s business over the last 10 years,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “Whether asset-based or cash flow finance, we work closely with clients over time to provide the structure that best suits their evolving needs.”
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 (@GECapital). GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges.
Jeff Wilson - GE Capital, Corporate Finance
P: +1 203 749 6340 / E: Jeffrey.Wilson[.]ge.com.