NORWALK, Conn.--(BUSINESS WIRE)--March 23, 2005--GE Commercial Finance Business Credit today announced that it has named Stephen R. Philpott as senior vice president of origination. Based in Atlanta, Mr. Philpott will be responsible for originating transactions of up to $30 million throughout Alabama, Kentucky, Mississippi, Tennessee, West Virginia and parts of Georgia.
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LAKEWOOD, Colo.--(BUSINESS WIRE)--March 22, 2005--Driven by 32 percent growth in service contract volume and strong underwriting results, GE Auto Warranty Services (AWS) delivered record results for 2004. Continued growth in existing accounts, significant new account growth attracted to our industry leading technology, service and participation programs, and the addition of three new strategic partners produced solid growth for the company in 2004, says Jim Slavik, president, GE AWS.
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WILTON, Conn.--(BUSINESS WIRE)--March 22, 2005--
Recent Acquisition of Ionics Broadens Global Desalination Capabilities
GE Infrastructure, a unit of General Electric Company (NYSE:GE), celebrates World Water Day (WWD) with a continued commitment to innovation and investment in the world's natural resources. GE has invested millions of dollars in water purification research and development over the last year.
World Water Day, established by the United Nations, is an annual effort to promote access to safe drinking water and sanitation.
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March 22, 2005 -- SINGAPORE - Singapore Aircraft Leasing Enterprise (SALE) today announced the purchase of up to 40 Boeing Next-Generation 737 aircraft powered by CFM56-7B engines. The deal covers 20 firm orders and 20 purchase rights, with deliveries between the fourth quarter of 2006 and the end of 2009. The firm engine order is valued at approximately $240 million at list price.
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NORWALK, Conn.--(BUSINESS WIRE)--March 22, 2005--GE Commercial Finance Corporate Lending announced that it served as administrative agent and co-lead arranger of a $125 million revolving credit facility for Averatec, Inc. GE Commercial Finance will hold $45 million of the credit facility, with the remainder syndicated. The facility closed on February 14.
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NORWALK, Conn.--(BUSINESS WIRE)--March 22, 2005--GE Commercial Finance Global Media & Communications announced today that it has provided a $27 million senior credit facility for HCPro, Inc., a leading publisher and information services provider to the health care industry. GE Commercial Finance was the sole lender and administrative agent for the facility, which closed on March 4. The proceeds were utilized to refinance existing debt with additional capacity to fund acquisitions and working capital needs.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--March 22, 2005--GE Insurance Solutions recently announced the launch of an Innkeepers Program with its newest program partner, NAIS, Inc.
We are pleased to partner with GE Insurance Solutions for our innkeepers program," said Scott Wolf, President, NAIS, Inc., (formerly James Wolf Insurance). "The analytics and expertise the team brings to our program is outstanding and helps us in providing the highest levels of service to our customers."