GE Capital Funds $400MM Wise Metals Buy
GE Capital announced it provided a $400 million credit facility to help fund the acquisition of Wise Metals Intermediate Holdings by Constellium N.V., a producer of aluminum products. GE Capital Markets served as lead arranger and joint bookrunner on the facility.
“Providing financing in connection with this acquisition allows for a great opportunity for both companies,” said Paul Feehan, senior managing director for GE Capital, Corporate Finance. “Our deep expertise in metals and mining means we can provide companies with the best financing solution to help fund their growth.”
Constellium, headquartered in Amsterdam, the Netherlands, supplies aluminum products to industries including aerospace, automotive and packaging.