GE Capital, Canada announced it is serving as administrative agent on a $38 million term loan facility to Canam Group, a North American steel components fabricator. The new facility will be used to refinance existing debt and provide working capital. GE Capital Markets, Canada served as lead arranger of the facility.

Since 1961, Canam Group has specialized in designing construction solutions and fabricating customized products. It takes part in an average of 10,000 construction projects each year in three groups of products and services: buildings, structural steel and bridges. It operates 22 plants across North America and employs more than 3,700 people in Canada, the U.S., Romania, India and Hong Kong.

“GE Capital is pleased to be supporting the continued growth of Canam Group,” said Alain Dupont, leader of the manufacturing and corporate aviation business within GE Capital, Canada. “It has been a valued customer of ours since 2006 and we look forward to working together in the years ahead.”