Mississauga, Ontario. (August 28, 2013) GE Canada and the Institute of International Education (IIE) have announced eight winners of the 2013 GE Foundation Scholar-Leaders program including seven awards to Canadian- resident Aboriginal undergraduate students for their leadership and academic excellence. The scholarship includes a $4000 annual grant for the 2nd, 3rd and 4th year of an undergraduate program
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MISSISSAUGA, ON --- GE Capital's Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue into 2014.
CDF found that dealers' inventory orders were up in all three categories. Aging of inventory has dropped in motorsports and marine, while staying flat year-over-year in RVs.
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Nearly 50,000 Bobcat units financed since 2008; relationship began in 1969
IRVING, TX --- GE Capital, Equipment Finance has extended its 44-year vendor financing relationship with multiple Doosan businesses through December 2017. The agreement provides inventory and retail financing for Doosan and Bobcat-branded equipment in the U.S. and Canada.
GE Capital and its antecedent companies have been financing equipment for West Fargo, N.D.-based Bobcat Co. since 1969. The relationship expanded to include financing for Doosan-branded heavy equipment in 2012.
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GE announced second-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 8% and 5% respectively from the second quarter of 2012.
Please click here to read the rest of the press release, in English.
Corporate Communications
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Toronto, Ontario, & Norwalk, Connecticut June 28, 2013 - Element Financial Corporation (TSX:EFN) ("Element" ) and GE Capital ("GE Capital") closed the previously announced asset purchase transaction today through which Element has acquired GE Capital's Canadian fleet portfolio and the two companies have formed a strategic alliance to deliver comprehensive vehicle fleet financing and management services to cross-border customers in Canada and the United States.
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MONTREAL (QC), June 26, 2013 --- GE Capital, Corporate Finance today announced that it is serving as administrative agent on approximately $350 million in revolving, term loan, and delayed draw term loan credit facilities for Clearwater Seafoods (TSX: CLR, CLR.DB.A). The facilities will be used to enhance Clearwater's capital structure as well as provide financing for a $45 million investment in a new vessel for clam harvesting operations.
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TORONTO (ON), June 13, 2013 -- GE Capital, Canada announced it served as administrative agent on a $66 million senior secured credit facility for Van-Rob Inc. ("Van-Rob"). Van-Rob, a leading global Tier One automotive parts manufacturer, will use the proceeds to refinance an existing term loan, support capital expenditure needs, provide working capital, and for other general corporate purposes. GE Capital, Canada also served as lead arranger of the lenders' syndicate.