GE Capital Revs Up Loan For Metaldyne
GlobalCapital Securitization, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

GE Capital Revs Up Loan For Metaldyne

GE Capital launched syndication of a new loan for automotive manufacturer Metaldyne Corp. at a bank meeting in New York last Wednesday.

GE Capital launched syndication of a new loan for automotive manufacturer Metaldyne Corp. at a bank meeting in New York last Wednesday. The deal is a five-year, $175 million asset-based, receivables-only facility priced at LIBOR plus 2 1/4%.

Metaldyne makes components for passenger cars and commercial vehicles, ranging from engine parts to transmissions and suspensions. Its top customers include DaimlerChrysler, Nissan, Ford Motor and Toyota. Private equity fund Heartland Industrial Partners formed Metaldyne through the consolidation of MascoTech, Simpson Industries and Global Metal Technologies. The consolidation started with the MascoTech acquisition in 2000. A call to Paul Triggiani at Heartland was not returned by press time.

Gift this article