PRZOOM - /newswire/ -
Norwalk, CT, United States, 2012/03/27 - GE Capital, Corporate Finance announced it is administrative agent for a $350 million asset-based credit facility to Shale-Inland Holdings, LLC to support the acquisition of HD Supply Industrial PVF (NYSE: GE). NYSE: GE
GE Capital, Corporate Finance today announced it is administrative agent for a $350 million asset-based credit facility to Shale-Inland Holdings, LLC to support the acquisition of HD Supply Industrial PVF, a distributor of specialty pipe, valves and fittings. GE Capital Markets served as sole bookrunner and joint-lead arranger.
Based in Schiller Park, Ill., Shale-Inland is a leading industrial supplier of products used in refining, petrochemical production and the transportation of water, food, energy, and information to its end use. Through 47 locations in North America, Shale-Inland delivers a broad spectrum of metal, pipe, valves, films, or finished parts just-in-time.
“GE Capital has a firm understanding of the steel industry and a demonstrated ability to get deals done,” said Craig T. Bouchard, CEO of Shale-Inland. “Certainty of execution allows us to capitalize on growth opportunities and build our global business.”
“With a tradition of financing the American steel industry, GE continues its strong support of metals manufacturing and distribution,” said Tom Quindlen, President and CEO of GE Capital, Corporate Finance. “We specialize in providing capital to growing mid-size companies to fuel their business plans.”
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; 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) 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.
Jeff Wilson, GE Capital, Corporate Finance
P: +1 203 749 6340 - E: Jeffrey.Wilson[.]ge.com.