Rochester,NY 8/22/2009 6:52:48 PM
General Electric Company,GE-led a $316 million accounts receivable securitization facility for SunGard Data Systems Inc
General Electric Company
Aug 21, 2009, GE Capital declared that it led a $316 million accounts receivable securitization facility for SunGard Data Systems Inc., one of the world's leading software and information technology services companies. The loan will be utilised for working capital needs. GE Capital Markets was sole lead arranger on the transaction.
The financing is structured as an asset-based loan secured by certain trade accounts receivables. The facility may be increased to $500 million, subject to certain conditions.
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