GE Capital, Corporate Finance today announced it is the administrative
agent and sole lender on a $60 million senior credit facility for Consolidated
Systems Incorporated (CSi). CSi produces metal products for use in
the commercial construction industry and for original equipment
manufacturers (OEMs). The financing will be used for working capital and
general business needs.
CSi’s three main product groups—Metal Dek, Consolidated Metal Products
and Consolidated Components—are producers of painted and fabricated
metal products for use in the commercial construction industry and
select OEM markets. Founded in 1954, CSi is headquartered in Columbia,
SC and operates manufacturing facilities across the United States.
“GE’s expertise in metals as well as many of the industries we serve is
extremely valuable to our company,” said Brad Pemberton, president and
CEO of CSi. “Working with a lender who genuinely understands the
uniqueness of our industry can help us grow in the long run.”
“With our specialists in mid-size metals companies, our team can help
companies like CSi achieve their goals,” said Bob McCarrick, chief
commercial officer—lending at GE Capital, Corporate Finance. “Our
experience allows us to better understand and support their needs as
they plan for future growth.”
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; 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. Visit geccf.com/newsroom
or follow @GELendLease
on Twitter.
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 (NYSE:GE) 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. For more information, visit ge.com.
Copyright Business Wire 2014