NORWALK, Conn.--(BUSINESS WIRE)--March 1, 2005--GE Commercial Finance Corporate Lending today announced that Gerard Hanabergh has been named Managing Director of the Business Credit group. He will be based in Norwalk, Conn. He succeeds Andrew Waterson, who has been named Managing Director, Corporate Lending West Region, based in Beverly Hills, Calif.
GE Commercial Finance Business Credit offers financing of up to $30 million and more, as needed, to manufacturers, distributors, wholesalers, retailers and service providers. Its products and services include asset-based lines of credit, letter of credit facilities, acquisition financing, growth capital, bank loan refinancings, term debt and import/export trade services.
"Gerard Hanabergh has done an exceptional job of establishing himself as a growth partner, with his considerable experience in the middle market segment helping to accelerate our expansion in this area," said William Brasser, General Manager, GE Commercial Finance Corporate Lending. "We look forward to his contributions to the continuing growth of our Business Credit business."
Mr. Hanabergh has been with GE Commercial Finance since joining its Capital Markets group in 1998. He served most recently as chief risk manager for the Retail and Restructuring groups, and prior to that as chief risk manager, East Region.
Before joining GE, Mr. Hanabergh held a number of origination and risk positions with Bank of New York and Manufacturers Hanover Trust. He is a graduate of Providence College and holds an M.B.A. degree in finance from Pace University.
About GE Commercial Finance Corporate Lending
GE Commercial Finance Corporate Lending offers financing to clients from middle-market companies to large corporations. Products and services include asset-based financing, cash flow lending and corporate restructuring. Corporate Lending is a leading global provider of financing solutions for investment and non-investment grade companies - committed to supporting clients at all stages of the business cycle. For more information on the businesses and products of GE Corporate Lending, please visit www.gelending.com. GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $230 billion and is headquartered in Stamford, Connecticut. General Electric (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. For more information, visit the company's website at www.ge.com.
Contacts
GE Commercial Finance
Ned Reynolds, 203-229-5717
or
TorranceCo
Jim Marren, 212-786-6133
Jeff Wilson
GE Capital Corporate Finance
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1-203-749-6340