GE Capital Provides $75 Million DIP Loan to Caraustar
June 2, 2009 - GE Capital, Restructuring Finance today said that it provided a $75 million debtor-in-possession (DIP) credit facility to Caraustar Industries.
The loan will be used for working capital needs as the company restructures under Chapter 11, GE said.
Caraustar on May 31, along with its domestic subsidiaries filed their voluntary Chapter 11 petitions in the United States Bankruptcy Court for the Northern District of Georgia.
SOURCE: GE Capital
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