6:49 PM GE Corporate Lending as Co-Administrative Agent & Joint Bookrunner for $ 9.2 Billion Senior Credit Facility for SABIC Innovative Plastics | |
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Based in Riyadh, Saudi Arabia, SABIC is one of the world's leading manufacturers of plastics, metals, chemicals, and fertilizers. "GE's industry knowledge and expertise in the plastics sector finance made an invaluable lender in this transaction," said Mutlaq Al-Morished, CFO of SABIC. "In addition, our company has the opportunity to improve business processes through access to Access GE." Especially for clients, Access GE is a program that provides access to the famous and best GE management practices that can help accelerate business performance. "The petrochemical and plastics sectors have experienced solid progress during the last three years, and companies like SABIC is a strategic investment to create a global growth platform and serve global demand," said Deepak Ghosh, chemicals and plastics industry leader for GE Corporate Lending. "With more than $ 4 billion invested in this area, we focus on markets and trends that imacting it." Industry Specialization To better keep up the clients unique financing needs, GE Corporate Lending has a team of industry leaders who are supported by dedicated research analysts. Industry experts work with regional teams of GE Corporate Lending to create the appropriate financing solutions for companies across key industries: Technology & Electronics, Aerospace & Defense, Metals and Mining; Manufacturing General; Automotive & Automotive Parts; Chemicals & Plastics, Construction, Food, Beverage & Agribusiness; Forest; Financial & Business Services; and Transportation. About GE (General Electric) Corporate Lending With $ 14 billion in assets, GE Commercial Finance Corporate Lending is one of the largest providers of asset-based in North America, structured finance, cash flow and other financial solutions for mid-size and large companies. Of more than 30 offices across the United States and Canada, GE Corporate Lending specializes in serving the unique needs of lenders seeking $20 million to $2 billion and more for working capital, project financing, growth, rotation, and acquisitions. About GE (General Electric) Commercial Finance GE Commercial Finance, which offers businesses around the world a variety of financial products and services, has assets of more than 233 billion U.S. dollars and is headquartered in Norwalk, Connecticut. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. GE serves customers in more than 100 countries and employs more than 300,000 people around the world. | |
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