Daily News: April 13, 2012

GE Capital Closes $225MM ABL For 84 Lumber Company


GE Capital, Corporate Finance announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Company, a privately-held building materials and services suppliers to professional contractors and build-it-yourselfers. The loan will be used to refinance existing debt and for working capital purposes.

Previously, it was announced that Wells Fargo Capital Finance recently acted as joint lead arranger and administrative agent in the financing.

“We work to develop customized financing packages that are tailored to our customers’ particular needs,” said 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.”

Previously on abfjournal.com:

WFCF Agents, Arranges $225 Million Credit Facility for 84 Lumber, Tuesday, April 10, 2012