NORWALK, CT -- May 24, 2013 -- GE Capital, Corporate Retail Finance today announced it is administrative agent on a $550 million senior secured credit facility for Lord & Taylor, a leading North American retailer. The proceeds will be used to refinance debt, support ongoing working capital needs and for other corporate purposes. GE Capital also provided the company with interest rate risk management products and services. GE Capital Markets served as joint lead arranger and book runner.
EAST CLEVELAND, Ohio --- May 23, 2013 --- (NYSE:GE) --- When a utility responds quickly in the wake of a natural disaster, it can make a world of difference for affected residents who need to feel secure and see progress on the path back to normalcy. As Superstorm Sandy struck the East Coast last fall, for example, power was knocked out to millions of homes and businesses. Upwards of 5,000 street lights operated by FirstEnergy were destroyed by flooding and 80 mph gusts of wind.
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Eden Prairie, Minn. -- May 21, 2013 -- GE Capital Fleet Services today announced the results of its 18th annual fleet passenger car maintenance study, which found that overall fleet car maintenance costs increased by seven percent in 2012 compared to 2011. Although scheduled maintenance costs increased, overall car maintenance costs were down 1.5 percent from 2010 due to vehicle replacement initiatives.