NORWALK, Conn.--(BUSINESS WIRE)--March 10, 2005--GE Commercial Finance has announced the formation of a Sports & Entertainment Group created specifically to serve the financing needs of the sports and entertainment industries.
"We're very excited about this new growth platform for GE Commercial Finance," Stefan Abbruzzese, Senior Managing Director of GE Commercial Finance's Growth Initiatives Group, stated. "We've assembled an experienced team of industry specialists that are committed to delivering best-in-class financing solutions for our customers."
Backed by the global resources of GE, including NBC Universal, the Sports & Entertainment Group provides financing to specialized markets including sports, theme parks, ski resorts, the film industry, and other entertainment sectors. Offering products designed to help recapitalize balance sheets, finance equipment or address other financing needs, GE Commercial Finance's Sports & Entertainment Group has already closed innovative deals within their industries.
Ralph Willis, Managing Director of the Sports & Entertainment Group, states, "Our team's industry expertise and structuring capabilities will allow us to continue to design and deliver creative financing solutions for our targeted sectors."
About GE Commercial Finance, Sports & Entertainment Group
Backed by the global resources of GE, including NBC Universal, GE Commercial Finance, Sports & Entertainment Group provides financing to specialized markets including sports, theme parks, ski resorts, the film industry, and other entertainment sectors. Offering products designed to help recapitalize balance sheets, finance equipment or address other financing needs, GE Commercial Finance's Sports & Entertainment Group is committed to designing customized solutions to meet customer demand.
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over US$230 billion and is headquartered in Stamford, Connecticut, USA. General Electric (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better.
Contacts
GE Commercial Finance, Norwalk
Ellen Mann, 203-229-1915
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340