GE Capital, Corporate Finance today announced it is serving as
administrative agent on a $600 million revolving credit facility for
Axiall Corporation. 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 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. 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 2015