GE Capital Leads $600MM Axiall Revolver
GE Capital, Corporate Finance is serving as administrative agent on a $600 million revolver for Axiall. GE Capital Markets served as co-lead arranger and joint book runner on the facility.
The facility will be used for general working capital and to support the company’s ongoing growth.
“GE has been a supportive and responsive lender for Axiall since the relationship began five years ago,” said Tom Donahue, VP & corporate treasurer, Axiall. “They have a strong understanding of our business, and have worked with us and the bank group to add flexibility and increase the size of our revolving credit line to help support our growth.”
“Expanding Axiall’s credit facility helps support the company as they continue to grow,” said Bob McCarrick, chief commercial officer—lending at GE Capital, corporate finance. “We look to customize our financial solutions to meet the unique needs of our mid-size customers.”
Based in Atlanta, Axiall manufactures and markets chemicals and building products for sale worldwide. The company operates through three segments: Chlorovinyls, Building Products and Aromatics.
Atlanta-based Axiall manufactures and markets chemicals and building products for sale worldwide.