Kumho Tire USA secures $150 m loan from GE

Norwalk, Connecticut - The US subsidiary of Korean tyre maker Kumho Tire Co. has secured a $150-million revolving credit facility from GE Commercial Finance.

Kumho Tire USA said the loan will be used for working capital needs.

“We selected GE as our financing partner because their team really understands the automotive sector and tailored the loan to best meet our liquidity needs,” H.W. Kim, chief financial officer of Kumho Tire USA, said.

“GE's grasp of our corporate culture and its ability to literally speak our language helped facilitate the international aspects of the deal.”