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Press Release

GE Corporate Lending Appoints David Gozdecki Managing Director of Restructuring Finance for Midwest U.S. and Canada

July 02, 2007

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced the appointment of David Gozdecki as a managing director of the restructuring finance team, providing turnaround and restructuring finance to midsize and larger companies in the Midwest U.S. and Canada.

Gozdecki has more than 20 years of financing experience with 18 years focused on restructuring. Most recently, he led the national restructuring group for LaSalle Business Credit, responsible for financing distressed companies. Prior to that role, he was senor vice president and portfolio manager for Fleet Capital Corporation, focused on restructuring, debtor-in-possession and exit financing. Earlier in his career, Gozdecki held accounting, underwriting and corporate finance positions at The Northern Trust Company, Brunswick Corporation and USG Corporation. He received a B.S. in Accounting from Indiana University, a law degree from John Marshall Law School and is a certified public accountant. Gozdecki is based in Chicago, IL.

"David's extensive knowledge of rescue and bankruptcy related financings will complement the team as we serve the critical needs of stressed and distressed companies," said Rob McMahon, managing director of restructuring finance for GE Corporate Lending. "Borrowers and turnaround professionals appreciate GE's unique combination of restructuring know-how, industry expertise and Access GE that can actually help companies improve."

Exclusively for GE clients, Access GE is a program that provides access to world-renowned GE management best practices that can help improve business performance.

About GE Corporate Lending

With $14 billion in assets, GE Commercial Finance Corporate Lending is one of North America's largest providers of asset-based, cash flow, structured finance and other financial solutions for mid-size and large companies. From over 30 offices throughout the U.S. and Canada, Corporate Lending specializes in serving the unique needs of borrowers seeking $20 million to $2 billion and more for working capital, growth, acquisitions, project finance and turnarounds. Visit www.gelending.com/clnews for more information.

About GE Commercial Finance

GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $233 billion and is headquartered in Norwalk, Connecticut. GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.

Contacts GE Corporate Lending, Norwalk
Jeff Wilson, 203-229-1887
[email protected]
or
GE Commercial Finance, Norwalk
Ned Reynolds, 203-229-5717
[email protected]

Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340


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