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Article: GE and Royal Bank of Scotland Provide Financing To Resource Management Service For Timberlands Purchase.(Company overview)
- Article from:
- Business Wire
- Article date:
- April 5, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORWALK, Conn. & NEW YORK -- GE Commercial Finance and The Royal Bank of Scotland Group today announced that GE Capital Markets and RBS Securities are Joint Lead Arrangers providing financing for Resource Management Service, LLC (RMS) and its affiliates.
RMS and its affiliates will use the proceeds from the financing to facilitate its purchase of timberlands from International Paper Company in a number of regions, primarily in the South.
"This is a very important transaction for us," said Craig Blair, Senior Vice President, Forest Investment, of RMS. "GE and RBS demonstrated a strong understanding of our business and provided the financial flexibility to ...