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Article: GE Capital Provides $100 Million to Monrovia Nursery.(Company overview)
- Article from:
- Business & Finance Week
- Article date:
- September 19, 2009
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GE Capital, Corporate Finance announced it provided a $100 million asset-based credit facility to Monrovia Nursery, one of the world's largest producers of container grown plants. The loan will be used for working capital needs. GE Capital Markets served as co-lead arranger.
Founded in 1926, Azusa, CA-based Monrovia has been a GE Capital client since 2004. Monrovia grows more than 20 million container-grown plants in 2,000 varieties and ships plants to independent garden centers nationwide. The company has introduced some 300 exclusive varieties, holding more than 200 patents and trademarks.
"GE Capital continues to provide us with the liquidity we need ...
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