NORWALK, Conn. (Sept. 8, 2009)—Kumho Tire U.S.A. Inc. has opened a $151 million asset-based credit facility for working capital needs, according to GE Capital, Corporate Finance, the administrative agent for the facility.
Norwalk-based GE Capital Markets served as co-lead arranger. Rancho Cucamonga, Calif.-based Kumho Tire U.S.A. is a subsidiary of South Korean tire maker Kumho Tire Co. Inc.
GE Capital, Corporate Finance is a provider of asset-based, cash-flow and structured loans and leases for mid-size and large U.S. businesses for working capital, growth, acquisitions, turnarounds and balance sheet optimization.