GE Capital Canada Provides DBG Metal Manufacturing Facility
GE Capital Canada announced it provided an $8.8 million senior secured credit facility to DBG Canada, commonly known as DBG Metal Manufacturing, a leading manufacturer of heavy duty truck parts. Proceeds will go to refinance an existing term loan and for working capital.
“Through increased flexibility and liquidity, this credit facility will be very helpful as we execute our strategic growth plan,” said Michael De Biasi, president and CEO of DBG. “We appreciate working with a lender that has deep expertise in the metals and manufacturing sectors and the ability to support us in Canada and in other countries where we do business.”
“We’re pleased to support DBG’s growth plans,” said Alain Dupont, senior vice president, corporate finance, GE Capital Canada. “The manufacturing sector is a critical one for Canada and is a major area of focus for GE Capital.”
Mississauga, ON-headquartered DBG is a global industry designer and manufacturer of metal stampings, modular welded, structural welded and mechanical assemblies for truck manufacturers.