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GE Capital Backs New Permian Basin Materials LLC With $72.5 Million

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January 13, 2014

GE Capital, Corporate Finance (NYSE: GE) became administrative agent of $72.5 million of senior secured credit facilities to Permian Basin Materials LLC Jan. 8. Permian Basin Materials LLC is a new affiliate of WL Ross Co. LLC, GE Capital, Corporate Finance said the same day. The credit facilities will allow mining and concrete companies to be acquired, the company said. Overall, the acquisitions will support energy markets in the Basin, the company added.

The credit facilities will be used to back acquisitions of Crockett County Mining Ltd., Highland Concrete Co., ...

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