GE Capital lends $85 million in refinancing to U-Haul in the form of an asset-backed term loan
By APMonday, March 1, 2010
GE Capital lends $85 million to U-Haul
NEW YORK — GE Capital said Monday its corporate finance unit will lend $85 million to U-Haul in the form of an asset-backed term loan.
The loan will be used to refinance an existing securitization facility.
GE Capital, the financial arm of General Electric Co, is based in Norwalk, Conn. U-Haul is based in Phoenix.
GE shares fell 5 cents to $16.01 in midday trading.
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