GE Capital finances ACCO Brands with USD175m as co-collateral agent
Fri. October 02, 2009; Posted: 04:28 AM
Oct 02, 2009 (M2 EQUITYBITES via COMTEX) --
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PowerRating -- Provider of asset-based, cash flow and structured loans and leases GE
Capital, Corporate Finance has acted as co-collateral agent for a
USD175m revolving credit facility to ACCO Brands Corporation, a
supplier of branded office products, GE announced on Thursday.
The loan refinances existing credit and securitisation facilities and
supports the company's ongoing working capital needs.
GE Capital Markets served as joint-book runner.
GE Capital, Corporate Finance is a business unit of General Electric
Company (NYSE: GE).
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