GE Capital, Corporate Finance today announced it is serving as administrative agent on a $500 million asset-based credit facility for Axiall Corporation (NYSE: AXLL), created by the merger of Georgia Gulf and the commodity chemicals business of PPG Industries, Inc. GE Capital Markets served as co-lead arranger and joint bookrunner for the transaction. The loan is being used for general corporate purposes.
Headquartered in Atlanta, GA, Axiall is a leading North American chemicals and building products manufacturer.
“GE Capital has been our lender for more than three years, so they have a deep understanding of our business,” said Thomas Donahue, vice president and corporate treasurer for Axiall. “Throughout that time, they have worked with us to modify our financing structures so that our financial flexibility has increased as we have evolved.”
“Middle market customers know they can count on us for significant financial commitments and customized solutions to help support their business objectives,” said Bob McCarrick, chief commercial officer, lending for GE Capital, Corporate Finance. “We work closely with customers to ensure they have the capital they need to build their business.”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; energy; 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 gelending.com/clnews 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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV