Dubai, May 17, 2012---American educational organization AMIDEAST, with support from the GE Foundation, has begun offering a new training program for English teachers in six countries: Egypt, Iraq, Jordan, Morocco, Palestine, and Tunisia. The program is currently being piloted in Egypt, with additional pilots to be conducted in Palestine and Jordan this summer and subsequently in Iraq, Morocco, and Tunisia.
London, 16th May, 2012: In recognition of the importance of having local origination and execution capabilities, GE Capital has appointed Camille Frizon de Lamotte to lead its sponsor coverage activities for the French mid-market, with support from execution teams based in Paris and London.
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- Accompanying research shows UK savers are cutting back on discretionary spending and saving more
LONDON, 16th May 2012: GE Capital Direct, a new UK-based online savings bank launches today, offering a choice of simple, safe and secure savings accounts for UK savers. The bank provides an alternative to traditional high street banks, catering for consumers across the UK looking for a convenient and trusted home for their savings.
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CHICAGO--16 May 2012-- GE Antares, a unit of GE Capital, today announced it served as administration agent on a $555 million senior secured credit facility to TricorBraun Inc. The financing consisted of a $75 million senior revolving credit facility and a $480 million term loan facility, and served to refinance outstanding debt and make a distribution to shareholders of affiliates via dividends and stock repurchases. TricorBraun will also use the funding to support its ongoing organic and acquisition-driven strategic growth.
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Funds refinancing
SCOTTSDALE, Ariz.--16 May 2012-- GE Capital, Franchise Finance recently provided a $4.1 million credit facility to Hinz JJ, LLC, a Jimmy John's franchisee. The financing included $2.6 million to refinance debt and a $1.5 million development line of credit. The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
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SINGAPORE, May 16, 2012 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced it will lease 12 Boeing 737-500s to help the Indonesian carrier Sriwijaya Air upgrade its fleet.
The first aircraft went into service today, with the remaining scheduled for delivery through January 2013. The 12 aircraft, with blended winglets for improved fuel savings, are coming off long-term lease with Continental Airlines, now merged with United Airlines.