CHICAGO, IL --- The popularity of recreational vehicles (RV) grew significantly in 2013, leading RV dealers to look hopefully toward the new year, according to survey results released today by GE Capital's Commercial Distribution Finance (CDF) business.
One-third of survey respondents said they expect sales to rise 10 percent to 15 percent next year, and an additional 37 percent expect RV sales to grow 5 percent to 10 percent. No respondents expect declining sales in 2014.
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Partnership formed by Nunatsiavut Group, Tasiujatsoak Trust and CAPE Fund
MONTREAL (QC) --- GE Capital today announced that it is providing a $10 million senior credit facility to a group of investors to purchase and operate Universal Helicopters Newfoundland and Labrador ("UHNL"), a regional helicopter services company. The new owners, through a limited partnership formed by Nunatsiavut Group of Companies, Tasiujatsoak Trust and CAPE Fund LP, are acquiring UNHL from its majority shareholder, Harry R. Steele, and minority shareholder, Norman Noseworthy.
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Expanded wholesale relationship benefits dealers across Canada as network grows
MISSISSAUGA, ON --- GE Capital's Commercial Distribution Finance (CDF) business announced today that it has been named the preferred inventory financing provider for Visionary Motorsports Ltd., expanding a relationship that began in 2008.
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MONTREAL (QC), OCT. 28, 2013 --- GE Capital's Canadian Franchise Finance business announced today that it has provided Original Joe's Franchise Group Inc. (OJ's) and parent company Franworks Franchise Corp. with an expanded, $49 million senior credit facility. GE Capital, Canada served as lender and sole lead arranger of the facility.
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MONTREAL (QC) --- GE Capital, Canada's Franchise Finance business announced today that it has provided $14.5 million to Temple Hotels Inc. (TSX: TPH) to support the acquisition of a Holiday Inn Express in Ottawa West, Ontario.
The six-story, limited-service property, which has 115 guestrooms, is located in the West Ottawa neighbourhood of Nepean.
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GE announced third-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 3% and flat respectively from the third quarter of 2012.
Please click here to read the rest of the press release, in English.
Corporate Communications
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Northland Power and Mnidoo Mnising Power's McLean's Mountain Wind Farm on Manitoulin Island, Ontario, Will be Powered by 24 GE Wind Turbines
McLean's Mountain Wind Farm Will Provide 60 Megawatts of Wind Power to the Ontario Grid
GE Will Provide around-the-Clock Innovative Remote Monitoring and Diagnostics and 10-Year Service Agreement for Operations and Maintenance
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CHICAGO, IL --- GE Capital's Commercial Distribution Finance (CDF) business announced today that it plans to expand its inventory financing capabilities and coverage of the commercial foodservice and refrigeration industries across the U.S. and Canada. CDF has been providing inventory financing to the foodservice industry since 1995.