Daily News: June 19, 2014

GE Capital Agents Huttig Building Products Facility

GE Capital, Corporate Finance announced it is serving as administrative agent on a $160 million revolving credit facility for Huttig Building Product. The new facility refinances existing debt and provides an additional $40 million in financing to support future growth. GE Capital Markets served as co-lead arranger.

“Huttig has been a valued customer of ours for many years,” said Bob McCarrick, chief commercial officer — lending at GE Capital, Corporate Finance. “Helping clients grow and succeed with a unique combination of financial and intellectual capital is our specialty.”

“We have worked closely with GE Capital for many years and appreciate their ability to develop customized financing solutions that truly fit our company’s needs and work to support our growth,” said Jon Vrabely, CEO of Huttig. “GE Capital understands our business and brings a wealth of resources beyond finance to our relationship and organization.”

St. Louis, MO-based Huttig is a wholesale distributor of millwork, building materials and wood products used principally in new residential construction and in home improvement, remodeling and repair work.