FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


GE Capital Canada Increases Van-Rob Credit Facility to $91MM

December 22, 2014, 08:11 AM
Filed Under: Automotive

GE Capital, Canada announced it has increased Van-Rob Inc. senior secured credit facility to $91 million. GE Capital, Canada served as lead arranger and administrative agent. The proceeds of the facility will be used for general working capital purposes.

Founded in 1979 and headquartered in Aurora, ON, Van-Rob is a Tier 1 automotive parts manufacturer of large structural assemblies, chassis components and crash energy management systems. It services the major automobile manufacturers from facilities located in Canada, the U.S. and Mexico.

”The continued support from GE Capital through this credit facility will enable us to continue the execution of our strategic growth plans,” said Ken Gibbons, Chief Financial Officer of Van-Rob. “We appreciate working with a lender who understands the automotive manufacturing sector.”

“We are looking forward to helping Van-Rob grow across North America with this additional financing,” said David Sutherland, Vice President, GE Capital, Canada. “Our experience in the automotive sector along with our flexible financing solutions will help us to support their short and long-term growth goals.”

With 17 offices throughout Canada, GE Capital offers a wide variety of financial products and services to address commercial financing needs in many phases of a business' lifecycle.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.