Daily News: December 22, 2014

GE Capital Increases Van-Rob Facility

GE Capital, Canada increased Van-Rob’s facility to $91 million. GE Capital, Canada served as lead arranger and administrative agent. Proceeds will be used for general working capital purposes.

”The continued support from GE Capital through this credit facility will enable us to continue the execution of our strategic growth plans,” said Ken Gibbons, CFO of Van-Rob. “We appreciate working with a lender who understands the automotive manufacturing sector.”

“We are looking forward to helping Van-Rob grow across North America with this additional financing,” said David Sutherland, VP, GE Capital, Canada. “Our experience in the automotive sector along with our flexible financing solutions will help us to support their short and long-term growth goals.”

Aurora, ON-Van-Rob is a Tier 1 automotive parts manufacturer of large structural assemblies, chassis components and crash energy management systems.