GE, Scotia Lead Western Inventory
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, Scotia Lead Western Inventory

GE Capital and Bank of Nova Scotia have launched the bank meeting for $135 million of loans for Western Inventory Service.

GE Capital and Bank of Nova Scotia have launched the bank meeting for $135 million of loans for Western Inventory Service. The facility consists of a five-year, $15 million revolver; a six-year, $107 million "B" term loan; and a six-and-a-half-year, $31 million second-lien term loan. The revolver and "B" loan are priced at LIIBOR plus 3 1/4% and the second lien is priced at LIBOR plus 7%. The company provides inventory counts to retailers, manufacturers and wholesale distributors. The bank meeting was held March 16. Calls to Leonard Graham, cfo, were not returned.

 

Gift this article