Tire distributor secures financing

GE Capital Corporate Finance has announced it is the "administrative agent" for a $151 million credit line to Kumho Tire USA Inc., the Rancho Cucamonga-based distributor of Seoul, South Korea-headquartered Kumho Tire Co. Inc.  "GE Capital Markets served as co-lead arranger," a news release states. "The loan will be used for working capital needs." J.B. Kim, president and CEO of Kumho Tire USA, said "GE Capital has served Kumho since 2006 ... (and its) significant financial commitment helps us meet our day-to-day working capital needs."