Daily News: March 27, 2012

GE Capital Agents $350MM Facility to Shale-Inland

GE Capital, Corporate Finance announced it is administrative agent for a $350 million asset-based credit facility to Shale-Inland Holdings to support the acquisition of HD Supply Industrial PVF, a distributor of specialty pipe, valves and fittings. GE Capital Markets served as sole bookrunner and joint-lead arranger.

Based in Schiller Park, IL, Shale-Inland is a leading industrial supplier of products used in refining, petrochemical production and the transportation of water, food, energy, and information to its end use. Through 47 locations in North America, Shale-Inland delivers a broad spectrum of metal, pipe, valves, films or finished parts just-in-time.

“GE Capital has a firm understanding of the steel industry and a demonstrated ability to get deals done,” said Craig T. Bouchard, CEO of Shale-Inland. “Certainty of execution allows us to capitalize on growth opportunities and build our global business.”

“With a tradition of financing the American steel industry, GE continues its strong support of metals manufacturing and distribution,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “We specialize in providing capital to growing mid-size companies to fuel their business plans.”