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GE Capital is Co-Agent on $225MM Facility to Federal Signal Corporation

March 25, 2013, 07:09 AM
Filed Under: Manufacturing

GE Capital, Corporate Finance it is syndication agent on a $225 million senior secured credit facility to Federal Signal Corporation. The funds refinance debt and will be used to support ongoing working capital needs. GE Capital Markets served as joint lead arranger and joint book manager.

Founded in 1901 and headquartered in Oak Brook, IL, Federal Signal Corporation 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 commercial customers.

“This new financing improves our capital structure and increases our financial flexibility,” said Dennis Martin, president and CEO of Federal Signal. “GE knows manufacturing, and that knowledge comes through in their ability to quickly provide us with customized financing solutions.”

“We understand that as a customer’s business evolves, so do their financing needs,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “Strong relationships and industry expertise allow us to provide customers with smart capital to support their business goals.”

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