GE Capital Commits $110M Debt to Energy Alloys

GE Capital Corporate Finance is providing $110 million in a senior secured credit facility to Energy Alloys LLC, a provider of oil field metals and services. The money will be used for growth efforts and for working capital. Houston-based Energy Alloys provides equipment to oil and gas manufacturers and service companies.

PRESS RELEASE
NORWALK, Conn.–(BUSINESS WIRE)–GE Capital, Corporate Finance today announced it is sole lender on a $110 million senior secured credit facility for Energy Alloys LLC, a global provider of oil field metals and services. The loan will support growth and working capital needs.

“We appreciate their responsiveness and unique approach to structuring the finance.”

Based in Houston, TX, Energy Alloys provides oil field metals and equipment to global oil and gas manufacturers and service companies. Energy Alloys has domestic operations in Tulsa, OK, and Lafayette, LA, and international operations in the United Kingdom, United Arab Emirates, Canada, Mexico, South Korea and Singapore.

“By considering both our domestic and international assets, GE provided us with optimal borrowing capacity that more than meets our needs,” said Paul Patek, chief financial officer at Energy Alloys LLC. “We appreciate their responsiveness and unique approach to structuring the finance.”

“Working with our clients to provide them with the capital they need to meet their objectives is our specialty,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “We strive to really understand customer needs and leverage GE companywide know-how to help finance and fuel their business.”

About GE Capital, Corporate Finance
GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; financial and business services; food, beverage and agribusiness; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE’s best practices to help build their business. Visit gelending.com/clnews.

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance.