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Article: General Electric Credit Corp. signs agreement with Baldwin Piano and Organ Co.
- Article from:
- PR Newswire
- Article date:
- June 18, 1984
CopyrightCOPYRIGHT 1984 PR Newswire Association LLC. 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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STAMFORD, Conn., June 18 /PRNewswire/ -- General Electric Credit Corporation (GECC) today announced the signing of a comprehensive $155 million financing agreement with the senior management of Baldwin Piano & Organ Company. It represents the largest individual GECC financing transaction with a manufacturer of retail products.
In addition to providing the major financing for the management group to acquire the musical instrument manufacturer from Baldwin-United Corporation, GECC's unique financial package provides funding and a variety of financial services for the new company's retail sales program. The deal includes a $65 million credit line for the management ...