Daily News: March 5, 2012

GE Capital Agents $100 Million Facility to Federal Signal

GE Capital said it is co-collateral agent on a $100 million asset-based revolving credit facility for Federal Signal, a designer and manufacturer of safety and security products and systems. The financing will be used to refinance debt and provide working capital.

Founded in 1901 and headquartered in Oak Brook, IL, Federal Signal has manufacturing facilities worldwide producing a wide array of products from safety and security lights and siren systems to street sweepers. The company serves municipal, government, industrial and institutional customers.

“As part of a global industrial company, GE Capital has a keen sense of manufacturing and helped us complete our overall refinancing,” said Bill Barker, CFO of Federal Signal. “The new credit facility has the flexibility to support both day-to-day working capital and growth.”

“We work to meet the unique financing needs of today’s mid-size manufacturers,” said Tom Quindlen, president and CEO, GE Capital, Corporate Finance. “Industry experience and expertise and strong relationships with clients help us provide smart capital to build businesses.”

Previously on abfjournal.com:

Federal Signal Completes Credit Facilities With TPG, WFCF, GE, Thursday, February 23, 2012