MONTREAL - GE Capital announced today that it provided a three-year C$26 million credit facility to SIR Corp. ("SIR"). SIR, which has a number of agreements and interests related to SIR Royalty Income Fund (TSX: SRV.UN), will use the credit facility to refinance a current revolving line of credit and construction facility, and to facilitate the repurchase of certain of its common shares.
NORWALK, Conn.--Wednesday, December 09, 2009-- GE Capital, Corporate Finance today announced it provided a $30 million revolving credit facility to Harcros Chemicals Inc., a major distributor and producer of industrial chemicals. The loan refinances the company's existing credit and supports ongoing working capital needs. The facility may be increased to $35 million, subject to certain conditions.
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Integrated Security Solutions in Place to Help Protect Fans at Sporting Events Year Round
Brussels -- 09 December 2009 -- GE Security Inc., a business of GE Enterprise Solutions (NYSE: GE), today announced that its technology will be implemented in all of the eight stadiums selected to host the World Cup 2010 in South Africa. Overall, the stadiums use a mix of security solutions and life safety technologies to protect and enhance the game-day experience for more than 350,000 fans who gather year-round for sporting and entertainment events.
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LINDEN, N.J.--Tuesday, December 08, 2009-- Two major Northeastern US power grids, in New Jersey and New York City, are now talking to each other and dispatching energy more efficiently and reliably using breakthrough GE smart grid technology and capital, the company announced today. Three massive "variable frequency transformers" are converting up to 315 megawatts of electricity -- enough for up to 300,000 homes -- from the power system in New Jersey and feeding it to New York City.
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NORWALK, Conn.--Tuesday, December 08, 2009-- GE Capital, Corporate Finance today announced it is administrative agent for a $168 million cash flow credit facility for Blount International, Inc., a leading outdoor products manufacturer. The loan amends and extends an existing facility, and will be used for working capital needs. GE Capital Markets served as sole lead arranger.
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Wandoan Power Project from GE & Stanwell Shortlisted for CCS Flagship Program.
BRISBANE, AUSTRALIA---December 8, 2009 --- The Wandoan Power Consortium welcomed today's announcement that its proposal for one of the world's first integrated gasification combined cycle (IGCC) plants with carbon capture and storage (CCS) has been shortlisted for the next stage of the federal government's CCS Flagship Program. The Wandoan Power Consortium is working to develop a state-of-the-art cleaner coal plant in Queensland.
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NORWALK, Conn.--Monday, December 07, 2009-- GE Capital, Corporate Retail Finance today announced it is co-collateral agent for a $625 million asset-based credit facility for The Bon-Ton Stores, Inc., a department store retailer. The loan will be used to refinance existing debt and for working capital needs. GE Capital Markets served as joint lead arranger.