NORWALK, Conn.--(BUSINESS WIRE)--June 14, 2006--GE Antares Capital today announced it is the administrative agent for a $61.5-million credit facility to support the acquisition of YAXTRAX(R) by Implus Footcare, LLC, a portfolio company of FdG Associates. GE Capital Markets served as the sole lead arranger for the credit facility.
Implus' strategic acquisition of YAKTRAX will enable the company to rapidly expand its market position through its global sales, distribution and marketing platform.
FLORENCE, ITALY - June 14, 2006 :- GE's Oil & Gas business will provide new turbocompressor units and will upgrade existing equipment to increase the pumping capacity and extend the operating life of the Trans-Tunisian pipeline, which transports gas from Algeria through Tunisia to Sicily, Italy.
Société de Construction Gazoduc Transtunisien (SCOGAT), owned 100 percent by Eni, is in charge of the project, while Snamprogetti of Italy is the EPC contractor.
NORWALK, Conn.--(BUSINESS WIRE)--June 14, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed a deal to provide $30 million in financing to Consolidated Theatres, a movie theater chain with screens in the Southeast and Mid-Atlantic states. GE is serving as the syndication agent in the deal worth a total of $60 million.
The financing will primarily be used by Consolidated Theatres to execute its growth plan, which includes the opening of new stadium-seating megaplex theaters.
NORWALK, Conn.--(BUSINESS WIRE)--June 14, 2006--GE Antares Capital today announced it is the administrative agent for a $61.5-million credit facility to support the acquisition of YAXTRAX(R) by Implus Footcare, LLC, a portfolio company of FdG Associates. GE Capital Markets served as the sole lead arranger for the credit facility.
Implus' strategic acquisition of YAKTRAX will enable the company to rapidly expand its market position through its global sales, distribution and marketing platform.
John Krenicki, President & CEO, GE Infrastructure - Energy, to present at CIBC World Markets Annual Industrial Products and Capital Goods Conference.
John Krenicki, President & CEO, GE Infrastructure - Energy, to present at CIBC World Markets Annual Industrial Products and Capital Goods Conference.
Investor Contact Information
State-of-the-art Fitness Center to Provide Employees and Spouses with Space to Get/Stay Fit
LAWRENCE PARK, Pa. (June 13, 2006) -- General Electric today announced the completion of a new, 8,000 square foot Health & Wellness Center for use by GE employees, spouses and retirees. The new center, located at the heart of GE Transportation's plant, is in a 94-year-old building that was renovated into a state-of-the-art facility over the past 6 months.
ST. PAUL, Minn.--(BUSINESS WIRE)--June 12, 2006--GE Consumer Finance's Retail Sales Finance unit today announced a new multi-year agreement with Thunder Mountain Custom Cycles to provide revolving and installment consumer financing programs for the Colorado-based company's dealers across the United States.
NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Commercial Finance - Global Media & Communications today announced that JP Marchette has been appointed to the position of senior vice president, Technology Lending origination, based in the Boston office located at One Beacon Street. He will be focused on expanding Technology Lending's presence in Boston and the East Coast regional market.
NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Antares Capital today announced it is the sole lead lender on a C$25-million senior credit facility to provide Wellspring Capital Management with working capital to support the growth of its portfolio company, Neucel Specialty Cellulose Ltd. The asset-based financing is a revolving credit facility.
FAIRFIELD, Conn.--(BUSINESS WIRE)--June 12, 2006--General Electric Company (GE) announced today it has completed the sale of its Insurance Solutions business, including Employers Reinsurance Corporation (ERC), to Swiss Re for $7.8 billion in cash and securities plus the assumption of $1.7 billion in GE Insurance Solutions Corporation debt.
GE received $5.4 billion in cash and 33.3 million shares of Swiss Re common stock. As a result of the transaction, GE will own a 9% percent stake in Swiss Re.
