GE Commercial Finance Corporate Lending announced Monday that it provided a $100 million trade accounts receivable securitization to the West Milwaukee-based supplier of power transmission and water management products. The financing vehicle acts as a working capital line of credit backed by Rexnord's accounts receivable assets.
With $14 billion in assets, GE Commercial Finance Corporate Lending, of Norwalk, Conn., is one of North America's largest providers of asset-based, cash flow, structured finance and other financial products for mid-size and large companies.
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source: bizjournals.com
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