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GE Capital is Agent for $425 Million Cash Flow Credit Facility to Blount International, Inc.

^{Published on 2010-08-20 07:50:54 - Market Wire}
 

NORWALK, Conn.--([ BUSINESS WIRE ])--GE Capital, Corporate Finance today announced it is administrative agent for a $425 million cash flow credit facility to Blount International, Inc., a leading outdoor products manufacturer. The loan amends and extends an existing $165 million facility and will be used to refinance debt and for acquisitions. GE Capital Markets served as sole lead arranger.

"Meeting the evolving capital needs of manufacturers is our specialty"

Headquartered in Portland, OR, Blount International, Inc. (NYSE: BLT) is a global manufacturer and marketer of replacement parts, equipment, and accessories for the forestry, lawn and garden, and outdoor power equipment sectors, and is the market leader in manufacturing saw chain and guide bars for chain saws.

aFor over seven years now GE Capital has helped finance our growth with significant financial commitments,a said Josh Collins, chairman and chief executive officer for Blount International, Inc. aExpanding our existing facility allows us to lower our overall cost of capital and supports our growth strategy.a

aMeeting the evolving capital needs of manufacturers is our specialty,a said Tom Quindlen, president and chief executive officer of GE Capital, Corporate Finance. aDeep industry knowledge, expert loan structuring and the ability to commit large amounts of capital leads to smarter liquidity for borrowers.a

Funding in part was provided through GE Capital, Corporate Finance's bank affiliate, GE Capital Financial, Inc.

About GE Capital, Corporate Finance

GE Capital, Corporate Finance is one of the largest providers of asset-based, cash flow and structured loans and leases for mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace & Defense, Automotive & Transportation, Chemicals & Plastics, Corporate Aircraft, Financial & Business Services, Food, Beverage & Agribusiness, Public Finance, Manufacturing, Marine, Metals & Mining, Paper, Packaging & Forest Products, Retail, Technology & Electronics. 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 (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. Visit [ ge.com ].