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Article: GE Capital Provides $75 Million Debtor-in-Possession Financing to Caraustar Industries, Inc.(Company overview)
- Article from:
- Investment Weekly News
- Article date:
- June 20, 2009
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GE Capital, Restructuring Finance announced it provided a $75 million debtor-in-possession (DIP) credit facility to Caraustar Industries, Inc., one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The loan will be used for working capital needs as the company restructures under Chapter 11.
Caraustar was founded in 1938 and is based in Austell, Georgia. In 2008, Caraustar had approximately $820 million in revenues. Caraustar is comprised of four business groups: Mill Group, Consumer Packaging, Industrial Packaging and Recovered Fiber Group. Caraustar serves the four principal recycled boxboard ...
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