May 04, 2009 at 14:46 PM EDT
GE Recapitalizes Motor Coach Industries
GE Capital on Monday said it has provided a $75 million asset-based loan facility to Motor Coach Industries Inc, as part of the company's recapitalization enabling the company to emerge from Chapter 11.
(IBTimes) -- 05/04/2009 --

GE Capital on Monday said it has provided a $75 million asset-based loan facility to Motor Coach Industries Inc, as part of the company's recapitalization enabling the company to emerge from Chapter 11.

“We are pleased to be able to support MCI as it moves ahead to its next stage of development,” said Tony McCord, a Managing Director with GE Antares, GE Capital's sponsor finance business.

Meanwhile, shares of General Electric rose 29 cents to 2.29 percent at $12.98 at the early trading.

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