GE Capital is Co-Agent on $225 Million Senior Secured Credit Facility to
Federal Signal Corporation
NORWALK, Conn. -- March 25, 2013
GE Capital, Corporate Finance today announced it is syndication agent on a
$225 million senior secured credit facility to Federal Signal Corporation
(NYSE: FSS). 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.”
About GE Capital, Corporate Finance
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 and defense; automotive and
transportation; chemicals and plastics; construction and building products,
corporate aircraft; energy; food and beverage; manufacturing; marine; metals
and mining; paper, packaging and forest products; retail; and technology and
electronics. With Access GE, clients also benefit from access to GE’s best
practices to help build their business. Visit gelending.com/clnews or follow
@GELendLease on Twitter.
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit gecapital.com or
follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things
that matter. The best people and the best technologies taking on the toughest
challenges. Finding solutions in energy, health and home, transportation and
finance. For more information, visit ge.com.
GE Capital, Corporate Finance
Jeff Wilson, 203-749-6340
GE Capital, Americas
Ned Reynolds, 203-229-5717
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