NORWALK, Conn. & HONG KONG--(BUSINESS WIRE)--Sept. 12, 2006--GE Commercial Finance - Global Media & Communications today announced that it has committed $20 million to Xinhua Finance Limited (XFL) as part of a broader $70 million facility to be used by the company for acquisitions and debt refinancing. XFL is a leading provider of China's indices, ratings, financial news, investor relation services, financial information and media services.
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CHICAGO--(BUSINESS WIRE)--Sept. 6, 2006--GE Antares today announced it is serving as the administrative agent for $38 million senior secured credit facilities to support the acquisition of SafeWorks LLC ("SafeWorks") by Wynnchurch Capital ("Wynnchurch"). GE Capital Markets is serving as lead arranger of the facility.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 6, 2006--GE Commercial Finance - Global Media & Communications today announced that it has served as administrative agent on a $70 million facility to support Orange Broadband's acquisition of 44,000 subscribers in New Mexico, Colorado, Nevada and Utah as a result of Charter Communications' recent systems sale. Charlotte, N.C.-based Orange Broadband operates cable television systems that offer video and high-speed data services to residential and commercial customers.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 5, 2006--GE Commercial Finance - Global Sponsor Finance, a leading provider of leveraged lending solutions to private equity-backed companies, today announced the hiring of Alan Aria as Managing Director and Melanie Brensinger as Senior Vice President.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 5, 2006--GE Commercial Finance - Global Media & Communications today announced that it and its affiliates have committed $100 million as part of the $2.09 billion senior secured facility for Cedar Fair, L.P., a major owner and operator of regional amusement parks in North America. The financing is for Cedar Fair's acquisition of Paramount Parks and the refinancing of the partnership's existing senior secured debt facility. GE is the Administrative Agent for the Canadian portion of the facility and Co-Documentation Agent for the entire facility.
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CHICAGO--(BUSINESS WIRE)--Aug. 31, 2006--GE Antares Capital today announced its role as administrative agent for a $56.5 million senior credit facility to support Transportation Resource Partners ("TRP") in their acquisition of National Powersport Auctions ("NPA"). GE Capital Markets is serving as sole lead arranger for the credit facility.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 28, 2006--GE Commercial Finance - Corporate Lending today announced that it has served as lead lender in a $30-million credit facility for MarketFare Foods, Inc., a leading manufacturer of quality branded, proprietary and co-pack sandwiches, wraps, burritos, sauces and specialty foods. Proceeds will be used for refinancing current debt, working capital management and general corporate purposes. GE Capital Markets served as lead arranger in this transaction.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 23, 2006--GE Commercial Finance today announced that it has promoted Tim Perusek to south region managing director for its Corporate Lending business. Perusek and his team of 28 corporate finance professionals will help GE continue to provide loans, leases and other customized financial solutions to mid-size and large companies in the southern U.S.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 21, 2006--GE Commercial Finance Global Sponsor Finance, a leading provider of leveraged lending solutions, today announced that Joseph T. O'Donnell Jr. has joined the company as a Managing Director, based in New York. He will be responsible for generating and overseeing client relationships in the large cap sponsor market.