General Electric Augments MerchSource and OraMetrix Liquidity - Analyst Blog

By
A A A

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).


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

UTD TECHS CORP (UTX): Free Stock Analysis Report

GENL ELECTRIC (GE): Free Stock Analysis Report

COMPASS DIVERSF (CODI): Free Stock Analysis Report

NOBLE GROUP LTD (NOBGY): Get Free Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: UTX , GE , CODI , NOBGY

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

71%
89%
100%

Most Active by Volume

75,031,044
  • $16.26 ▲ 0.31%
64,683,841
  • $99.76 ▲ 2.14%
44,561,744
  • $14 ▼ 6.23%
37,984,130
  • $27.93 ▲ 0.36%
36,148,020
  • $94.39 ▲ 1.49%
33,981,456
  • $22.93 ▼ 1.38%
33,971,527
  • $44.08 ▲ 1.03%
33,685,322
  • $76.95 ▲ 1.32%
As of 10/20/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com