Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on
  • GE Corporate Lending Provides $95 Million to Support the Acquisition of U.S. Corrugated

    October 18th, 2006 No comments

    GE Commercial Finance – Corporate Lending recently announced that it has served as administrative agent for a $95-million cash flow credit facility to support the acquisition of US Corrugated (formerly known as Lin Pac, Inc.), a vertically integrated corrugated packaging producer, from LINPAC Group Limited, U.K. GE will also provide interest rate risk management products and services.

    GE Capital Markets was lead arranger of the facility, which consisted of a $30-million revolver, a $45-million term loan, and a $20-million second lien loan.

    “The GE team demonstrated a true understanding of the challenges and opportunities in the paper and packaging sector,” said Thomas Uleau, Chief Financial Officer, U.S. Corrugated. “They delivered what they promised, and structured the acquisition financing to help maximize liquidity and flexibility.”

    Added Allan Wieman, Paper, Packaging and Forest Products Industry Leader, GE Corporate Lending, “We are dedicated to understanding and serving the financing requirements of companies such as U.S. Corrugated, and plan to continue to innovate to meet their evolving needs.”

    Prior to this acquisition, U.S. Corrugated was called Lin Pac, Inc., a corrugated packaging manufacturer and supplier based in Atlanta, Georgia. The business primarily serves the South East U.S. packaging market producing recycled liner-board, corrugating medium, corrugated sheets, boxes and point-of-sale displays.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 252,660 bad guys.


Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round

Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.

Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects

Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding

Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies

Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains

Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster

Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


By using this website you agree with our cookie policy