GE Corporate Lending Provides a $200 Million Asset-Based Credit Facility to International Automotive Components Group North America, Inc.

GE Commercial Finance Corporate Lending today announced it provided a $200 million asset-based credit facility to International Automotive Components Group North America, Inc. (IAC), a leading global automotive parts supplier. The loan will be used for working capital needs. GE Capital Markets arranged the transaction. Headquartered in Dearborn, MI, IAC is a Tier 1 automotive supplier of vehicle interior components and systems including instrument panels, floor consoles, door modules, overhead systems, flooring, acoustics, cargo management and more. "GE understands the challenges and opportunities facing auto suppliers,” said Jeff Vanneste, CFO of IAC. "They worked closely with us and structured a financing solution to maximize liquidity and flexibility.” "Suppliers who prevail in today’s tough auto market have strong leadership, a viable value proposition, and a well managed capital structure,” said Beth Brockmann, auto and auto parts industry leader for GE Corporate Lending. "With $5.3 billion invested in the sector, GE is focused on understanding and serving the unique financial needs of this industry.” Industry Specialization To better meet the unique financing needs of customers, GE Corporate Lending has a team of Industry Leaders supported by dedicated research analysts. These industry experts help build smarter financing solutions for companies across key industries: Aerospace & Defense; Automotive; Chemicals & Plastics; Construction; Food, Beverage & Agribusiness; Financial & Business Services; Forest Products; General Manufacturing; Metals and Mining; Retail; Technology & Electronics; and Transportation. About GE Corporate Lending With $14 billion in assets, GE Commercial Finance Corporate Lending is one of North America’s largest providers of asset-based, cash flow, structured finance and other financial solutions for mid-size and large companies. From over 30 offices throughout the U.S. and Canada, GE Corporate Lending specializes in serving the unique needs of borrowers seeking $20 million to $2 billion and more for working capital, growth, acquisitions, project finance and turnarounds. In addition, Access GE provides clients with access to GE management best practices to improve business performance. Visit www.gelending.com/clnews to learn more. About GE Commercial Finance GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $300 billion and is headquartered in Norwalk, Connecticut. GE (NYSE: GE) is Imagination at Work – a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.