Kumho Tire gets new $151 million asset-based credit facility

By Sara Rosenberg

New York, Sept. 8 - Kumho Tire U.S.A. Inc. closed on a new $151 million asset-based credit facility, according to a news release.

GE Capital is the administrative agent on the deal and acted as a co-lead arranger.

Kumho is a Rancho Cucamonga, Calif.-based distributor of tires for passenger cars, trucks and other vehicles.

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