STAMFORD, Conn.--(BUSINESS WIRE)--March 6, 2003--General Electric Capital Corporation (GE Capital) announced today that it has provided a full and unconditional guarantee of the medium-term notes issued by its subsidiary, Heller Financial Inc., under its Senior Debt Indenture and Subordinated Debt Indenture, each dated September 1, 1995, as amended.
The outstanding guaranteed notes have various stated maturities from April 28, 2003 through November 1, 2009 and include, among others, all Series H, I and J Notes of Heller Financial, Inc. GE Capital has also fully and unconditionally guaranteed the medium term notes of Heller Financial Canada, Ltd., a subsidiary of Heller Financial, Inc., issued under an Indenture dated April 2, 2001, with a stated maturity of June 3, 2003. GE Capital acquired Heller in November, 2001 and has integrated the Heller businesses into its operating divisions.
About GE Capital:
General Electric Capital Corporation (www.gecapital.com) is a global, diversified financial services company engaged in commercial finance, consumer finance, equipment management and insurance. With assets of over $490 billion, GE Capital serves consumers and businesses in 47 countries around the world. GE Capital is currently rated Aaa by Moody's and AAA by Standard and Poor's.
--30--MJ/ny*
CONTACT:
GE Capital
Peter Stack, 203/373-2283
KEYWORD: CONNECTICUT INTERNATIONAL CANADA
INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS BANKING
SOURCE: General Electric