GE Capital, a part of diversified industrial conglomerate General Electric Company (GE), recently provided MerchSource LLC with a $130 million senior credit facility. The company will use the proceeds to facilitate the working capital requirements for its operations in the U.S. and Hong Kong.
MerchSource designs, develops and distributes consumer lines. The company offers multiple product categories including electronics, toys, home décor, household accessories and pet supplies.
Also, GE Capital’s Healthcare Financial Services (:HFS) business announced a $10 million senior secured term loan for OraMetrix, Inc. The debt financing refinances the company’s previous $7.5 million multi-draw senior secured term loan facility and provides an additional liquidity of $2.5 million..
OraMetrix develops SureSmile – a digital and robotic system with diagnostic, treatment and monitoring tool to provide orthodontic care. General Electric intends to provide innovative financing solutions and support both OraMetrix and MerchSource with their expansion plans. The credit facility should facilitate both the companies’ operating and strategic initiatives and support them in their growth strategy.
General Electric is one of the most diversified technologies and financial service corporations in the world. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. GE Capital provides an extensive array of business financing solutions, ranging from small equipment leases to large commercial loans.
General Electric currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Noble Group Limited (NOBGY), carrying a Zacks Rank #1 (Strong Buy), United Technologies Corp (UTX) and Compass Diversified Holdings (CODI), both carrying a Zacks Rank #2 (Buy).
Read the Full Research Report on GE
Read the Full Research Report on CODI
Read the Full Research Report on NOBGY
Zacks Investment Research
- Finance Trading
- General Electric Company
- GE Capital