EAST HARTFORD, CT -- August 24, 2009 -- The Engine Alliance's GP7200 engine has marked a successful first year in service with Emirates. Since entering service in August 2008, the GP7200-powered Airbus A380 has had no in-flight shutdowns, and the engine has demonstrated a departure reliability rate greater than 99.9%.
NORWALK, Conn.--21 August 2009-- GE Capital today announced it led a $316 million accounts receivable securitization facility for SunGard Data Systems Inc., one of the world's leading software and information technology services companies. The loan will be used for working capital needs. GE Capital Markets was sole lead arranger on the transaction.
The financing is structured as an asset-based loan secured by certain trade accounts receivables. The facility may be increased to $500 million, subject to certain conditions.
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Efficiency improvements results in 900 new procedures, reduces overtime by one-third and achieves 72% on-time scheduling
TAMPA, FLORIDA, August 20, 2009 -- More than half of U.S. hospitals are capacity constrained and unable to add patients without facility expansion or extended hours. GE Healthcare and Moffitt Cancer Center announced an alliance aimed to optimize efficiency and care capacity, and in less than eight months Moffitt has added capacity for 900 new cancer procedures and additional operating margin.
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NORWALK, Conn.--20 August 2009-- GE Capital, Corporate Finance today announced it provided a $50 million plan of reorganization credit facility to Sportsman's Warehouse, an outdoor sporting goods retailer. The loan was used upon the company's recent emergence from Chapter 11 to refinance the $85 million debtor-in-possession financing GE Capital provided the company in March.
Based in Midvale, UT, Sportsman's Warehouse sells equipment, apparel, footwear and accessories for hunting, fishing and camping.
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Harnessing the next generation 64-bit chipsets to push applications further
CHARLOTTESVILLE, VA, AUGUST 19, 2009 GE Fanuc Intelligent Platforms, a unit of GE Enterprise Solutions, today announced the latest release of DataViews 9.25, a set of high quality graphic visualization development tools for building custom applications. The new version includes new features that enhance performance of display updates, support the use of scalable text in input object templates, and allow the setting of background color for Scalable Text objects.
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SHANNON, IRELAND August 19, 2009. -- GE Capital Aviation Services (GECAS) today announced the delivery of a new Airbus A320-200 to Wizz Air to help the carrier's fleet expansion. GECAS acquired the aircraft (serial number 3968) through a purchase and leaseback transaction with the airline. The aircraft is part of an existing order agreement between Wizz Air and Airbus.
About GE Capital Aviation Services (GECAS)
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NORWALK, CT-- August 17, 2009 --- GE Capital, Corporate Finance today announced it provided $150 million as part of a $1 billion revolving asset-based credit facility for Smithfield Foods, Inc. (NYSE: SFD), the world's largest pork processor and hog producer. As previously announced by Smithfield Foods, the loan is a part of the company's ongoing debt restructuring efforts. GE Capital Markets served as joint-bookrunner.