Norwalk, Conn.-based GE Capital Corporate Finance is the co-lead agent on a $225 million cash flow credit facility for Kentwood-based X-Rite Inc., a provider of color measurement systems and services. The loan will be used to refinance an existing credit facility and redeem preferred stock. GE Capital Markets served as co-lead arranger.
X-Rite (Nasdaq: XRIT) provides color measurement systems including hardware, software and support services that ensure color accuracy. X-Rite serves a range of industries, including printing, packaging, photography, graphic design, video, automotive, paints, plastics, textiles and medical.
“GE Capital knows our business and the industries we serve,” said Raj Shah, CFO of X-Rite. “They helped us optimize our capital structure and we look forward to a long term relationship as we move into the next phase of the company’s growth opportunities.”
“We’re eager to help fuel growth at mid-size companies,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “In addition to financing, we strive to add value that leads to long term relationships.”