BUSINESS NEWS: GE Provides $80 Million Credit Facility to Steel Company
GE Commercial Finance-Corporate Lending (Norwalk, Conn.) provided an $80-million credit facility to refinance debt to Winner Steel Inc., a galvanized steel coil supplier located in Sharon, Pa. The financing is part of a total credit facility of $130 million, which also includes a $50-million term loan. Winner Steel, which has been in business since 1995, operates three galvanizing lines with the capacity to produce over 1.1 million tons-per-year of galvanized/galvannealed sheet steel.
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