GE Capital Provides USD 60 mn in Working Capital
OREANDA-NEWS. GE Capital, Corporate Finance today announced it is the administrative agent and sole lender on a USD 60 million senior credit facility for Consolidated Systems Incorporated (CSi). CSi produces metal products for use in the commercial construction industry and for original equipment manufacturers (OEMs). The financing will be used for working capital and general business needs.
CSi’s three main product groups—Metal Dek, Consolidated Metal Products and Consolidated Components—are producers of painted and fabricated metal products for use in the commercial construction industry and select OEM markets. Founded in 1954, CSi is headquartered in Columbia, SC and operates manufacturing facilities across the United States.
“GE’s expertise in metals as well as many of the industries we serve is extremely valuable to our company,” said Brad Pemberton, president and CEO of CSi. “Working with a lender who genuinely understands the uniqueness of our industry can help us grow in the long run.”
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