GE Capital, a part of diversified industrial conglomerate
General Electric Company
), 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
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
General Electric currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look include
Noble Group Limited
), carrying a Zacks Rank #1 (Strong Buy),
United Technologies Corp
Compass Diversified Holdings
), both carrying a Zacks Rank #2 (Buy).
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