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GE Capital |
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GE Capital Provides $75 Million to Insteel Industries, Inc. |
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Insteel Industries, Inc. (NASDAQ: IIIN) manufactures and markets prestressed concrete strand and welded wire reinforcement sold primarily to manufacturers of concrete products for nonresidential construction applications. Headquartered in Mount Airy, North Carolina, Insteel operates six manufacturing facilities located in Delaware, Florida, Kentucky, North Carolina, Tennessee and Texas. "GE has been a strong supporter of Insteel over the past six years during what has been an increasingly volatile period in our markets," said Michael C. Gazmarian, Vice President, Chief Financial Officer and Treasurer of Insteel Industries, Inc. "We value their industry expertise and ability to make significant financial commitments to support the achievement of our business objectives." "It starts with understanding client needs, their business and the steel industry at large," said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. "Our metals specialists strive to structure smarter loans to maximize liquidity and flexibility for customers." About GE Capital, Corporate Finance 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) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit ge.com. Contact:
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