Skip to main content
×

GE.com has been updated to serve our three go-forward companies.

Please visit these standalone sites for more information

GE Aerospace | GE Vernova | GE HealthCare 

Press Release

GE Capital Provides $75 Million Exit Financing Facility to Motor Coach Industries Inc.

May 04, 2009

NORWALK, Conn.--(BUSINESS WIRE)--GE Antares, GE Capital's private equity financing business, today announced it provided a $75 million asset-based loan facility to Motor Coach Industries (MCI) as part of the company's recapitalization enabling the company to emerge from Chapter 11.

MCI manufactures intercity coaches for the tour, charter, line-haul, scheduled service, and commuter transit sectors in the U.S. and Canada. The company also operates eight service centers in the U.S. and Canada and supplies aftermarket parts for most makes and models.


business unit
tags
Press Release

GE Capital Leads $125 Million Debtor-in-Possession Financing to BI-LO, LLC

April 20, 2009

NORWALK, Conn.--20 April 2009-- GE Capital, Restructuring Finance today announced it led a $125 million debtor-in-possession (DIP) credit facility to BI-LO, one of the largest supermarket chains in the Southeastern U.S. The loan will be used for working capital needs as the company restructures under Chapter 11. GE Capital Markets arranged the transaction.

Founded in 1964, BI-LO is a privately held company based in Mauldin, SC. The company operates 215 supermarkets in South Carolina, North Carolina, Georgia and Tennessee.


business unit
tags
Press Release

GE Capital Provides $175 Million to Georgia Gulf Corporation

March 23, 2009

NORWALK, CT-- March 23, 2009 --- GE Capital's corporate lending business today announced it provided a $175 million accounts receivable securitization facility to Georgia Gulf Corporation, a leading chemicals company. The proceeds will be used for working capital needs.

In this type of structure, GE provides an asset-based loan secured by the company's accounts receivables.


business unit
tags
Press Release

GE Corporate Lending Provides $325 Million to Sportsman's Warehouse

December 27, 2007

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $325 million asset-based credit facility to Sportsman's Warehouse, an outdoor sporting goods retailer. The financing will be used to fund working capital needs. GE Capital Markets arranged the transaction. GE also provides the company with aircraft loan financing through GE Equipment Financial Services.

Based In Midvale, UT, Sportsman's Warehouse has locations throughout the U.S. selling equipment, apparel, footwear and accessories for hunting, fishing and camping.


business unit
tags
Press Release

GE Corporate Lending Provides $100 Million Trade Accounts Receivable Securitization to Rexnord Funding LLC

December 17, 2007

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $100 million trade accounts receivable securitization to Rexnord Funding LLC, a leading supplier of power transmission and water management products. The financing will be used for working capital, general liquidity and to fund potential future acquisition activity.


business unit
tags
Press Release

GE Corporate Lending Provides $400 Million Trade Accounts Receivable Securitization to Cummins Inc.

November 27, 2007

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $400 million trade accounts receivable securitization to Cummins Inc. (NYSE: CMI), a leading manufacturer of diesel engines, power generation systems and related components and technologies. The financing will be used to fund working capital needs and the loan may be increased to $500 million subject to the satisfaction of certain terms and conditions.


business unit
tags
Press Release

GE Corporate Lending Provides $550 Million to Finlay Enterprises, Inc. For Acquisition of Bailey Banks & Biddle

November 12, 2007

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it has provided a $550 million asset-based credit facility to Finlay Enterprises, Inc. (NASDAQ: FNLY), a fine jewelry retailer. The loan replaces a previous facility with GE and will be used to support Finlay's acquisition of Bailey Banks & Biddle, a division of Zale Corporation. GE Capital Markets served as sole bookrunner on the transaction.


business unit
tags
Press Release

SAT-GE Aids the Growth of PT Telkom in Eastern Indonesia Services Roll-Out

November 01, 2007

BETHESDA, Md.--(BUSINESS WIRE)--SAT-GE, a provider of unique C and Ku-band satellite coverage stretching across the Pacific Ocean Region from coast-to-coast, today announced the provision of satellite capacity across Eastern Indonesia for PT Telkom, the leading incumbent telecommunications operator in Indonesia.

Using multiple transponders on the GE-23 satellite, PT Telkom are able to rapidly extend their GSM/CDMA network and other services over Eastern Indonesia, providing connectivity deep into Papua, Maluku and Sulawesi.


business unit
tags
Press Release

GE Corporate Lending Serves as Co-Administrative Agent and Joint Bookrunner for $9.2 Billion Senior Secured Credit Facility to SABIC Innovative Plastics Holding B.V.

October 18, 2007

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it served as co-administrative agent in a $9.2 billion financing for SABIC Innovative Plastics Holding B.V. The facility included $7.7 billion of senior secured debt and $1.5 billion in senior notes. The financing was used to support the acquisition of GE's Plastics business by Saudi Basic Industries Corporation (SABIC). GE Capital Markets served as joint bookrunner.


business unit
tags
Press Release

GE Corporate Lending Provides $115 Million Debtor-in-Possession Credit Facility to The Bombay Company

September 28, 2007

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided $115 million in debtor-in-possession financing to The Bombay Company, Inc. (OTCBB: BBAO). The financing will be used for working capital needs as the company restructures under Chapter 11.

Founded in 1975, Bombay is headquartered in Fort Worth, Texas. The company designs, sources and markets home accessories and furnishings throughout the United States and Canada.


business unit
tags
Subscribe to Corporate Finance