SRAM plans new credit facility via GE Capital

By Sara Rosenberg

New York, Aug. 6 - SRAM is planning on coming to market with a new credit facility that will be led by GE Capital, according to a market source.

Timing and structure on the deal are not available as of yet, the source said.

Proceeds will be used to help fund an equity sponsor's acquisition of a minority interest in the business.

SRAM is a Chicago-based bike components company.

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