GE Capital arranges refinancing for Atis Group Inc.

MONTREAL, Aug. 31 /CNW Telbec/ - GE Capital in Canada today announced it acted as lead agent on a financing transaction for Atis Group Inc, one of the largest door and window manufacturers and distributors throughout Canada with plants in Quebec, Ontario, New Brunswick, B.C and Alberta.

The financing will serve the purpose of refinancing Atis Group Inc.'s previously held debt and also supporting the company's growth through acquisitions. GE Canada Finance Holding Company served as administrative and collateral agent while GE Capital Markets, Inc and GE Capital Markets Canada, Ltd. jointly acted as co-lead arrangers and agents of a syndication.

"GE Capital helped us identify a financing solution that would give us the flexibility we needed to take advantage of growth opportunities," said Robert Doyon, President and Chief Executive Office of Atis Group Inc. "During times when the markets are still uncertain, it is good to be able to rely on a financing provider with established structuring expertise and one that we know we can count on, having developed a strong relationship over the years."

"Atis Groups Inc. has been a customer of ours since 2004. We've observed them perform well during the economic downturn as they steadily build on their solid reputation in the building products market.  We are proud to extend our support once again by sharing our expertise and identifying a financing solution that makes sense for their business growth objectives in this market," added Patrick Palerme, President and Chief Executive Officer of GE Capital in Canada.

About GE Capital

With more than 20 offices throughout Canada, GE Capital (gecapital.ca) is a leading provider of financial and fleet management solutions to businesses operating in a broad range of economic sectors, including construction, transportation, energy, manufacturing and retail. The business' customized solutions include leases, asset based working capital and term financing, cash flow financing, corporate aircraft, franchise, business properties and fleet financing as well as financial solutions and services to equipment manufacturers, operators, distributors, dealers and their end users. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at ge.com.

For further information:

Marina Brzeski, Communications Leader, Canada,
GE Capital, [phone], [email protected]