By  on January 15, 2008

GE Commercial Finance's Media, Communications & Entertainment business provided $55 million in financing to ENK International Inc. for expansion into new fashion categories.

ENK, a fashion industry trade show organization, recently acquired WSA Global Holdings, the provider of marketing services to the global footwear and accessories marketplace.

The total credit facility of $80 million closed on Dec. 20, which includes the $55 million from GE's media group. The source for the balance of the facility was not immediately available.

Ray Shu, managing director, GE Commercial Finance, Media, Communications & Entertainment, said in a statement that the financing allows ENK to continue leading in its niche market and is a "growth opportunity for GE through solidifying our leadership in financing this evolving and highly competitive marketplace."

Luis Padilla, president of ENK International, said the firm "needed financing from a company that would be able to grow and evolve with us, and GE offered that."

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus