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GE Capital Provides $60MM to Consolidated Systems Incorporated

June 04, 2014, 07:34 AM
Filed Under: Metals and Mining

GE Capital, Corporate Finance announced it is the administrative agent and sole lender on a $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.”

“With our specialists in mid-size metals companies, our team can help companies like CSi achieve their goals,” said Bob McCarrick, chief commercial officer—lending at GE Capital, Corporate Finance. “Our experience allows us to better understand and support their needs as they plan for future growth.”

GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; oil and gas; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics.

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