NORWALK, Conn.--(BUSINESS WIRE)--Aug. 17, 2006--GE Capital Markets and Comerica Bank announced today they are Co-lead Arrangers for $105 million of senior secured credit facilities to support the refinancing of Fitness Quest Inc. ("Fitness Quest"), a portfolio company of J. W. Childs Associates, L.P. ("JWC"). GE Commercial Finance Global Sponsor Finance will serve as Syndication Agent and Comerica Bank will serve as Administrative Agent.
CHICAGO--(BUSINESS WIRE)--Aug. 15, 2006--GE Antares Capital today announced it is the administrative agent for $95 million in senior secured credit facilities to support the recapitalization of Breeze Industrial Products Corporation ("Breeze"), a portfolio company of Wind Point Partners. GE Capital Markets served as sole lead arranger and bookrunner for this transaction.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 8, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed a $30 million senior credit facility for Long Lines, LLC, a leading rural communications company providing voice, data, video and wireless services to communities in Iowa, South Dakota and Nebraska. The financing will enable Long Lines to refinance existing debt and to fund the expansion of its GSM wireless network. GE Capital Markets served as sole lead arranger for the transaction, which closed July 31.
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CHICAGO--(BUSINESS WIRE)--Aug. 8, 2006--GE Antares today announced it is the administrative agent for an amended and restated $250 million senior secured revolving credit facility to support the refinancing of H&E Equipment Services, Inc. ("H&E"), (NASDAQ HEES). GE Capital Markets served as sole lead arranger for the credit facilities.
H&E will use the credit facility to meet its future working capital and general corporate needs.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 7, 2006--GE Commercial Finance - Global Media & Communications announced today that it has provided California-based radio broadcaster Lazer Broadcasting with a $23 million senior secured credit facility. The new facility, consisting of a term loan and a revolver, will be used primarily for acquisitions and business expansion. Lazer is a Spanish language radio broadcasting company with 17 stations in 10 markets, after starting with a single station in 1991.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 2, 2006--GE Commercial Finance - Global Media & Communications today announced that it has closed a $217 million senior credit facility for Christie/AIX, a subsidiary of Access Integrated Technologies, Inc. Proceeds from the facility will be utilized for Christie/AIX's nationwide conversion of 4,000 theater screens to a digital format. The deal is the first-of-its-kind within the industry and closed August 1.
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NORWALK, Conn.& HONG KONG--(BUSINESS WIRE)--Aug. 1, 2006--GE Commercial Finance - Global Media & Communications today announced a deepening of its commitment to the Asia-Pacific region with the relocation of managing director Bhupesh Gupta to Hong Kong. He will join Daniel Camacho, a Global Media & Communications director who recently joined the team, while continuing to be responsible for leading GE's telecom, cable, media and entertainment financing initiatives in the region.
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NORWALK, Conn.--(BUSINESS WIRE)--July 31, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed a deal providing Van Wagner Communications with a $200 million senior secured facility. Van Wagner is one of the nation's leading outdoor advertising companies with significant positions in major markets such as New York, Los Angeles and Washington DC. GE is the administrative agent in the deal, which is a fully underwritten transaction. GE has been Van Wagner's lead lender since 2002.
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TORONTO--(BUSINESS WIRE)--July 27, 2006--GE Commercial Finance today announced new leadership in Canada for its North American Corporate Lending business providing customers an expanded and smarter suite of financial solutions, delivered locally and tailored to the lifecycle needs of their business.
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NORWALK, Conn.--(BUSINESS WIRE)--July 24, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed $182 million in senior secured and mezzanine financing for NewWave Communications, a cable television, high speed internet and digital telephone service provider primarily serving Kentucky, Illinois, Missouri and Tennessee.
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