CHALFONT ST. GILES, UK - 24 October 2014 - GE Healthcare Life Sciences (NYSE:GE) has won a BioProcess International (BPI) industry award for excellence in bioprocessing facility design.
MX Restaurants and Bakeries, Inc. borrows $5.6 million to develop four units
SCOTTSDALE, AZ, OCT. 23, 2014 - GE Capital’s Franchise Finance (GEFF) business announced today its first financing for the Corner Bakery Café concept. That comes in the form of a $5.6 million loan to MX Restaurants and Bakeries, Inc.
Based in McAllen, TX, MX Restaurants already operates seven Corner Bakery restaurants in the Houston and South Texas markets. It will use these funds to pay off short-term debt related to a recent acquisition and to develop four additional units.
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CHICAGO - October 22, 2014 - GE Antares Capital, a unit of GE Capital, announced today it is serving as administrative agent on a $95 million senior secured credit facility to Glencoe Capital’s portfolio company, Dialog Direct. The transaction refinanced the company’s senior debt and provided financing to acquire Allegra Direct Communications. GE Capital Markets served as sole lead arranger and sole bookrunner on this facility.
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Industry thought leaders provide insight on the “Internet of Things” and future of smart home technology
EAST CLEVELAND, Ohio (October 21, 2014)- Leaders and influencers from GE Lighting, Quirky, The Home Depot® and CNET joined together Friday for a panel discussion on the future of smart home technology and how the “Internet of Things” is changing the face of the home industry.
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CHICAGO - October 20, 2014 - GE Capital today announced it is providing a $50 million credit facility to Bird Electric Enterprises, LLC (Bird Electric), a leading electrical services provider. The facility will be used for general working capital and to support a majority investment by 3.5.7.11, a private investment and acquisition firm.
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BETHESDA, MD, OCT. 20, 2014 - GE Capital’s Healthcare Financial Services (HFS) business announced today that it is serving as the administrative agent on a $120 million senior credit facility for Schumacher Group, one of the largest emergency medicine, hospital medicine, care management and medical billing companies in the U.S.
The new facility consists of a $40 million revolver and an $80 million term loan, which will be used to refinance existing debt and to fund corporate growth. GE Capital Markets served as joint lead arranger and joint book runner on the facility.
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Working capital and inventory financing supports post-merger growth
CHICAGO, IL, OCT. 20, 2014 - GE Capital’s Commercial Distribution Finance (CDF) business has provided Venture Technologies, a newly formed combination of three value-added IT resellers (VARs), with a $30 million senior secured working capital loan in order to support the company’s expected growth.
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SCOTTSDALE, AZ, OCT. 20, 2014 - GE Capital’s Franchise Finance (GEFF) business announced today that it has provided a $45 million term loan to Bennett Hospitality. The funds will be used to refinance two hotels, an Embassy Suites and a Hampton Inn, and a parking garage, located in the historic district of Savannah, GA.
Based in Charleston, S.C., Bennett Hospitality operates 16 hotels under the Hilton and Marriott flags. Founded in 1983 by Michael R. Bennett, the company is one of the largest locally-owned property development companies.
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Gothenburg, Sweden - October 18, 2014 - GE Healthcare shares a suite of advances in imaging quantitation that may help clinicians diagnose disease earlier, deliver more personalised treatment and speed up care at the 27th annual meeting of the European Association of Nuclear Medicine (EANM), 18-22 October, in Gothenburg.