CHICAGO - GE Capital, Commercial Distribution Finance (CDF) announced today a multi-year extension of its strategic inventory financing program in the U.S. with Schiller Grounds Care. Schiller, a manufacturer of landscaping, turf and grounds equipment, distributes its products through thousands of dealers across the country. Schiller has worked with CDF since 2009.
- Joint Development Agreement Formalizes Multi-Year Collaboration
- New Technologies to Give GE and Cascade a “Look Inside” Gas Turbine Combustion Process
- Enhanced Visualization Capabilities Designed to Advance New Product Introduction
Schenectady, NY -June 22, 2015- Building on several years of work with Cascade Technologies, Inc., GE (NYSE:GE) has announced a multi-year joint development agreement with this Palo Alto-based company.
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EDEN PRAIRIE, Minn. - GE Capital Fleet Services today announced that it has contracted with Verizon Networkfleet to offer its customers an electronic truck compliance system to satisfy upcoming electronic hours of service regulation requirements. This additional telematics product offering, which is made available through Verizon Networkfleet and its relationship with J.J. Keller & Associates Inc., will provide companies with new enhancements including electronic hours of service and driver vehicle inspection reports for their trucking operations.
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CHICAGO - GE Antares, a unit of GE Capital, announced today it is serving as administrative agent on a $124.5 million senior secured credit facility to support the acquisition of Area Wide Protective (AWP) by The Riverside Company. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Headquartered in Kent, OH and founded in 1993, AWP offers temporary traffic management solutions to a variety of customers, including utilities, utility contractors and telecommunications companies.
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CHICAGO - GE Capital, Corporate Finance today announced it is serving as administrative and collateral agent on $1.335 billion in senior credit facilities for auction house Sotheby’s (NYSE: BID). The new facilities include a $485 million credit line increase that will be used for growth in Sotheby’s finance business. GE Capital Markets served as joint lead arranger and joint book runner on the facilities.
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- New Multilin System Delivers Comprehensive Transformer Protection, Control, Monitoring and Diagnostics for Both Utilities and Industrial Applications
- System Builds on GE’s Extensive 8-Series Platform of Leading Protection and Control Solutions
- GE Integrates Electrical and Chemical Data of a Transformer to Deliver Unparalleled Situational Awareness of the Asset’s Life for Power System Operators and Planners
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CHICAGO - GE Capital, Corporate Finance today announced it has provided a $17 million credit facility to ROC Services Company, an oil and gas well-site services supplier. The funds will be used to refinance existing equipment and to support the acquisition of the company by Coral Reef Capital. GE Capital Markets served as co-lead arranger and joint book runner on the facility.
Headquartered in Bridgeport, TX, ROC Services Company provides well-site services such as maintenance, excavation and hauling and flow-back services to oil and gas companies operating in the U.S.