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GE Capital |
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GE Capital Provides $175 Million to Georgia Gulf Corporation |
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In this type of structure, GE provides an asset-based loan secured by the company's accounts receivables. Georgia Gulf Corporation is a leading, integrated North American manufacturer of two chemical lines, chlorovinyls and aromatics, and manufactures vinyl-based building and home improvement products. These products, marketed under Royal Group brands, include window and door profiles, mouldings, siding, pipe and pipe fittings, and deck, fence and rail products. Georgia Gulf, headquartered in Atlanta, GA, has manufacturing facilities located throughout North America. "GE worked closely with us to quickly understand our business objectives and structured a facility to meet our needs," said Greg Thompson, CFO of Georgia Gulf Corporation. "We appreciated their ability to commit to the entire facility amount and close quickly." "In this environment, timely access to capital is a critical factor for many of our customers," said Tom Quindlen, president and CEO of GE Capital's corporate lending business. "Using a securitization facility in many cases can provide borrowers with a cost-effective approach and structuring flexibility to help them meet their financing objectives." About GE Capital's corporate lending business About GE Capital Contact:
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