Shale-Inland completes $350 million asset-based credit facility

By Sara Rosenberg

New York, March 27 - Shale-Inland Holdings LLC closed on a new $350 million asset-based credit facility, according to a news release.

GE Capital Markets acted as the bookrunner and a joint lead arranger on the deal.

Proceeds were used to help fund the acquisition of HD Supply Industrial PVF, a distributor of specialty pipe, valves and fittings.

Shale-Inland is a Schiller Park, Ill.-based industrial supplier of products used in refining, petrochemical production and the transportation of water, food, energy, and information to its end use.

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