GE Capital, Corporate Finance today announced it is syndication agent on a $225 million senior secured credit facility to Federal Signal Corporation (NYSE: FSS). The funds refinance debt and will be used to support ongoing working capital needs. GE Capital Markets served as joint lead arranger and joint book manager.
Founded in 1901 and headquartered in Oak Brook, IL, Federal Signal Corporation has manufacturing facilities worldwide producing a wide array of products from safety and security lights and siren systems to street sweepers. The company serves municipal, government, industrial and commercial customers.
“This new financing improves our capital structure and increases our financial flexibility,” said Dennis Martin, president and CEO of Federal Signal. “GE knows manufacturing, and that knowledge comes through in their ability to quickly provide us with customized financing solutions.”
“We understand that as a customer’s business evolves, so do their financing needs,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “Strong relationships and industry expertise allow us to provide customers with smart capital to support their business goals.”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 .