GE Capital Leads US$316m Financing for SunGard
GE Capital has led a US$316m accounts receivable securitisation facility for SunGard Data Systems, a software and information technology services companies. The loan will be used for working capital needs. GE Capital Markets was sole lead arranger on the transaction.
The financing is structured as an asset-based loan secured by certain trade accounts receivables. The facility may be increased to US$500m, subject to certain conditions.