NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced the appointment of Jeffrey P. Lupoff as senior managing director of Industrial Project Finance within its Corporate Lending business. Lupoff will be responsible for providing debt financing, lease solutions and equity investments of $25 million to $1 billion or more for new construction or expansion projects within capital-intensive industries.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications has provided a $60 million senior secured facility to Northland Cable Properties, Inc., a subsidiary of Northland Telecommunications Corp. -- the 16th largest Multiple System Operator (MSO) in the U.S.
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CHICAGO--(BUSINESS WIRE)--GE Antares today announced it is serving as the administrative agent for a $145 million senior secured credit facility for the refinance of totes>>Isotoner® Corporation ("totes" or the "Company"), a portfolio company of Bruckmann, Rosser, Sherrill & Co. L.L.C. ("BRS"), and the purchase of the assets of the ESNY division of E.S. Originals Inc. GE Capital Markets served as sole lead arranger and bookrunner.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that it has served as administrative agent for a $95-million cash flow credit facility to support the acquisition of US Corrugated (formerly known as Lin Pac, Inc.), a vertically integrated corrugated packaging producer, from LINPAC Group Limited, U.K. GE will also provide interest rate risk management products and services.
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CHICAGO--(BUSINESS WIRE)--GE Antares Capital and its sister company, GE Leveraged Loans Ltd., based in the United Kingdom, today announced their role as administrative agent for an $80.0 million U.S. senior credit facility and a £15.0 million U.K. senior credit facility to support KNIA Holdings, Inc. ("KNIA"), an affiliate of funds managed by Kohlberg & Company, L.L.C. ("Kohlberg") in its acquisition of Niagara Corporation ("Niagara"). GE Capital Markets served as the sole lead arranger and bookrunner for the credit facility.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced the appointment of Howard Mikytuck as senior vice president industry leader of general manufacturing for its Corporate Lending business. He will be responsible for delivering solutions tailored to the unique capital requirements of GE customers in the general manufacturing sector. Mikytuck will be based in Glen Allen, Va.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that its Retail Finance team has served as administrative agent on a $183-million credit facility for USA Drug, a leading family-owned retail drug store chain and distributor. The credit facility consists of a $177-million revolver and a $6-million term loan. GE Capital Markets acted as sole lead arranger on this facility.
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NORWALK, conn.--(BUSINESS WIRE)--GE Commercial Finance - Corporate Lending today announced that it provided a $150-million revolving credit facility to KUMHO TIRE U.S.A., INC., the U.S. distributor of South Korea-based KUMHO TIRE CO., INC.--a $2-billion global tire manufacturer. GE Capital Markets is the sole agent, bookrunner and administrative agent on the facility. The loan will be used for working capital needs.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 21, 2006--GE Commercial Finance - Global Media & Communications today announced that its Technology team has provided growth capital financing to Brightcove, an Internet TV pioneer. GE was the lead lender of the $5 million facility, which closed September 1.
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CHICAGO--(BUSINESS WIRE)--Sept. 18, 2006--GE Antares today announced it is serving as the administrative agent for $39 million of senior secured credit facilities to support the acquisition of Duni Corp, Inc. and Duni Supply, Inc. (collectively "Duni" or "the Company"), along with the management team by Norwest Equity Partners ("NEP"), a private equity firm focused on investments in growing and profitable middle market companies. Headquartered in Atlanta, Georgia, the Duni companies were the U.S. subsidiaries of Sweden-based Duni AB.
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