GE Capital is Co-Agent on $225 Million Senior Secured Credit Facility to Federal Signal Corporation

Before you go, we thought you'd like these...
Before you go close icon

GE Capital is Co-Agent on $225 Million Senior Secured Credit Facility to Federal Signal Corporation

NORWALK, Conn.--(BUSINESS WIRE)-- GE Capital, Corporate Finance today announced it is syndication agent on a $225 million senior secured credit facility to Federal Signal Corporation (NYS: 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/clnewsor 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 (NYS: 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
jeffrey.wilson@ge.com
or
GE Capital, Americas
Ned Reynolds, 203-229-5717
ned.reynolds@ge.com

KEYWORDS:   United States  North America  Connecticut  Illinois

INDUSTRY KEYWORDS:

The article GE Capital is Co-Agent on $225 Million Senior Secured Credit Facility to Federal Signal Corporation originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners