20 November 2008
GE Co-Leads $400 Million Credit Facility for JBS USA, Inc.
NORWALK, Conn.--20 November 2008-- GE Capital's Corporate Lending business today announced it co-led a $400 million asset-based credit facility for JBS USA, Inc., the U.S. subsidiary of JBS S.A., the world's largest beef producer and exporter. The loan will be used for working capital needs. GE Capital Markets acted as co-lead arranger on the transaction.
CHALFONT ST GILES, United Kingdom & BUDAPEST, Hungary--(BUSINESS WIRE)--A major new collaborative research programme to transform the care of elderly citizens was announced in Hungary today. A broad consortium of private and public sector organisations, led by GE Healthcare, a unit of General Electric Company (NYSE:GE), has secured HUF 895 million (US $4.2 million) from the Hungarian government to research and develop new ways of monitoring the health of elderly citizens in their own homes. GE Healthcare will invest an additional HUF 238 million (US $1.1 million) in the programme.
SECUNDA, South Africa--20 November 2008-- GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol's new power plant in Secunda, which could help ease South Africa's energy crisis.
At the end of October, Jeff Immelt, GE's Chairman and CEO, hosted the official launch of GE's sponsorship of the London 2012 Olympic Games, with an event which brought together a range of stakeholders responsible for the delivery of the Games. This included more than 250 senior executives from the public and private sectors, including the London Organising Committee of the Olympic Games (LOCOG) and the Olympic Delivery Authority (ODA).
Fairfield, Conn. -- Nov. 20, 2008 -- GE, in partnership with the Honduran Ministry of Health, today announces that it is expanding its Developing Health GloballyTM program in Honduras from the original two hospitals to six facilities. This GE corporate citizenship program aims to improve access to quality healthcare in the developing world by addressing critical gaps in existing healthcare facilities.
Ann Arbor, Mich. -- Nov. 19, 2008 -- Bolstering its contribution of high-efficiency and cost-saving generators to the $37 billion wind industry, Danotek Motion Technologies has raised $14.5 million from CMEA Ventures, StatoilHydro (NYSE: STO) unit StatoilHydro Venture and GE (NYSE: GE) unit GE Energy Financial Services. Danotek's generators can spur the wind equipment market by increasing wind turbines' efficiency, while radically reducing their maintenance and operating costs.
