GE Corporate Lending Agents C$175 Million Credit Facility for Western Forest Products Inc.

GE Commercial Finance Corporate Lending today announced it agented a C$175 million senior secured credit facility for Western Forest Products Inc., a Canadian integrated forest products company. The loan will be used to refinance the company’s previous facility. Headquartered in Duncan, British Columbia, Western Forest Products is the largest coastal woodland operator and lumber producer in British Columbia. Operations include timber-harvesting, reforestation, sawmilling logs into lumber and wood chips, and value-added remanufacturing. "GE has in-depth knowledge of the challenges and opportunities unique to the forest products industry and the region in which we operate,” said Murray Johnston, CFO of Western Forest Products Inc. "This industry expertise helped them to understand our business and structure the financing.” "Consolidation activity, raw material demand, a dynamic housing market and currency trends all play a major role in shaping the current landscape of the Canadian forest products industry,” said Will Sonnenfeld, Timber and Wood Products industry leader for GE Corporate Lending. "By understanding the nuances of the forest products industry we are able to provide smarter capital solutions to match our customer’s specific borrowing needs.” Industry Specialization To better meet the unique financing needs of customers, GE Corporate Lending has a team of Industry Leaders supported by dedicated research analysts. These industry experts help build smarter financing solutions for companies across key industries: Aerospace & Defense; Automotive; Chemicals & Plastics; Construction; Food, Beverage & Agribusiness; Financial & Business Services; Forest Products; General Manufacturing; Metals and Mining; Restructuring; Retail; Technology & Electronics; and Transportation. About GE Corporate Lending With $16 billion in assets, GE Commercial Finance Corporate Lending is one of North America’s largest providers of asset-based, cash flow, structured finance and other financial solutions for mid-size and large companies. From over 30 offices throughout the U.S. and Canada, GE Corporate Lending specializes in serving the unique needs of borrowers seeking $20 million to $2 billion and more for working capital, growth, acquisitions, project finance and turnarounds. In addition, Access GE provides clients with access to GE management best practices to improve business performance. Visit www.gelending.com/clnews to learn more. About GE Commercial Finance GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $300 billion and is headquartered in Norwalk, Connecticut. 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. GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.