GE Capital Closes on $225 Million Asset-Based Loan for 84 Lumber Co.April 13th, 2012 | Category: Industry News
GE Capital, Corporate Finance announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Co. The loan will be used to refinance existing debt and for working capital purposes.
“GE Capital worked closely with us to help structure a deal that met our specific goals and provided fresh capital into our bank group,” says Paul Lentz, CFO of 84 Lumber Company. “Their structuring expertise, industry know-how and ability to understand and grow with 84 Lumber are qualities we need in a lender to help us succeed.”
“We work to develop customized financing packages that are tailored to our customers’ particular needs,” says Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “Our experience in the building products industry allows us to best provide companies with specialized, business-building capital.”