Rochester, NY 8/19/2009 9:49:17 PM
General Electric Company, GE - GE Capital Will Be Giving $150 Million to Smithfield Foods
General Electric Company
GE Capital Corporate Finance, the finance arm of General Electric Co., recently announced that it provide $150 million as part of a $1 billion revolving credit facility for hog producer Smithfield Foods Inc.
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"GE's commitment was significant in that it accounted for the largest portion of the overall credit facility, helping provide Smithfield with the liquidity it needed on a going forward basis," said Carey Dubois, vice president of finance for Smithfield.
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