Norwalk-based GE Capital said it has provided an $85 million asset-backed term loan to do-it-yourself moving and storage operator U-Haul to refinance an existing debt.
Founded in 1945, Phoenix-based U-Haul rents trucks and trailers, and offers self-storage rooms through a network of nearly 1,450 company-operated moving centers and approximately 14,500 independent U-Haul dealers in Connecticut and nationwide.
U-Haul said it has more than 101,000 trucks, 76,000 trailers and 34,000 towing devices.
Funding was provided through GE Capital, Corporate Finance’s bank affiliate, GE Capital Financial Inc. All are units of Fairfield-based General Electric Co.
