Kumho obtains $150 million credit facility

Oct. 2, 2006

Kumho Tire U.S.A. Inc. has secured a $150 million credit facility from GE Capital Markets.

The loan will be used for "working capital needs," say GE officials.

"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," says Kumho CEO H.W. Kim.

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