MONTREAL, Aug. 31 /CNW Telbec/ - GE Capital in Canada today announced it
acted as lead agent on a financing transaction for Atis Group Inc, one
of the largest door and window manufacturers and distributors throughout
Canada with plants in Quebec, Ontario, New Brunswick, B.C and Alberta.
The financing will serve the purpose of refinancing Atis Group Inc.'s
previously held debt and also supporting the company's growth through
acquisitions. GE Canada Finance Holding Company served as administrative
and collateral agent while GE Capital Markets, Inc and GE Capital
Markets Canada, Ltd. jointly acted as co-lead arrangers and agents of a
"GE Capital helped us identify a financing solution that would give us
the flexibility we needed to take advantage of growth opportunities,"
said Robert Doyon, President and Chief Executive Office of Atis Group
Inc. "During times when the markets are still uncertain, it is good to
be able to rely on a financing provider with established structuring
expertise and one that we know we can count on, having developed a
strong relationship over the years."
"Atis Groups Inc. has been a customer of ours since 2004. We've observed
them perform well during the economic downturn as they steadily build on
their solid reputation in the building products market. We are proud to
extend our support once again by sharing our expertise and identifying a
financing solution that makes sense for their business growth objectives
in this market," added Patrick Palerme, President and Chief Executive
Officer of GE Capital in Canada.
About GE Capital
With more than 20 offices throughout Canada, GE Capital (gecapital.ca)
is a leading provider of financial and fleet management solutions to
businesses operating in a broad range of economic sectors, including
construction, transportation, energy, manufacturing and retail. The
business' customized solutions include leases, asset based working
capital and term financing, cash flow financing, corporate aircraft,
franchise, business properties and fleet financing as well as financial
solutions and services to equipment manufacturers, operators,
distributors, dealers and their end users. 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. For
more information, visit the company's Web site at ge.com.
SOURCE GE Capital Canada
For further information: For further information:
Marina Brzeski, Communications Leader, Canada,
GE Capital, (514) 713-5321, firstname.lastname@example.org