Axiall secures $600m revolving credit facility from GE

Posted on 12 Jan 2015 by Tim Brown

Atlanta-based chemical and construction product manufacturer, Axiall, has secured a $600m credit facility from GE Capital to support the its ongoing growth.

In November 2014, Axiall declared a regular quarterly dividend of 16 cents per share of common stock.

Commenting on the credit facility, Tom Donahue, VP & corporate treasurer at Axiall said: “GE has been a supportive and responsive lender for Axiall since the relationship began five years ago. They have a strong understanding of our business, and have worked with us and the bank group to add flexibility and increase the size of our revolving credit line to help support our growth.”

GE Capital Markets served as co-lead arranger and joint book runner on the facility.

“Expanding Axiall’s credit facility helps support the company as they continue to grow,” said Bob McCarrick, chief commercial officer lending at GE Capital, Corporate Finance. “We look to customize our financial solutions to meet the unique needs of our mid-size customers.”