UPDATE 1-GE Capital lends $75 mln to Motor Coach

lunes 4 de mayo de 2009 19:58 CEST

May 4 (Reuters) - GE Capital (GE.N: Cotización) said its private equity financing business, GE Antares, has given a $75 million asset-based loan facility to Motor Coach Industries International Inc [MCIIN.UL] to help the tour bus maker recapitalize and emerge from Chapter 11.

Motor Coach, maker of intercity coaches for U.S. and Canadian tour, charter and commuter transit operations, announced its exit from bankruptcy in April. [ID:nN20366322]

It had filed for bankruptcy in September last year. (Reporting by Santosh Nadgir in Bangalore; Editing by Himani Sarkar)