GE UNIT'S 2008 OIL & GAS PARTNERSHIP INVESTMENTS A RECORD $360 MILLION
HOBBS, N.M.--04 November 2008-- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today it has formed a partnership with TriTex Energy, LLC to acquire proved oil and gas reserves in southeastern New Mexico for $31 million. GE Energy Financial Services has invested more than $360 million in proved oil and gas reserves in five transactions this year, an annual record for the business.
NORWALK, Conn.--03 November 2008-- GE Commercial Finance today announced it provided a $250 million senior secured plan of reorganization (POR) credit facility to Vertis Communications, a targeted print advertising and direct marketing solutions provider. The loan was used to refinance the company's debtor-in-possession (DIP) financing upon the company's emergence from a pre-packaged Chapter 11 bankruptcy. In July, GE Commercial Finance also provided the company with a $380 million DIP credit facility. GE Capital Markets arranged both transactions.
Marafiq Honors GE for Technology Contributions Helping to Build the World's Largest Independent Water and Power Plant
JEDDAH, SAUDI ARABIA; November 3, 2008: GE Energy, which is supplying advanced technology solutions for the world's largest independent water and power plant, today received the inaugural Power and Utility Company for Jubail and Yanbu (Marafiq) Award for Sustainability from Marafiq, a Saudi Arabian integrated utility company.
Marafiq Honors GE for Technology Contributions Helping to Build the World's Largest Independent Water and Power Plant
JEDDAH, SAUDI ARABIA---November 3, 2008---GE Energy, which is supplying advanced technology solutions for the world's largest independent water and power plant, today received the inaugural Power and Utility Company for Jubail and Yanbu (Marafiq) Award for Sustainability from Marafiq, a Saudi Arabian integrated utility company.
Three New Modules Offer Users Choice, Flexibility, Easy Configuration and Diagnostic Capabilities
Charlottesville, VA, November 3, 2008 GE Fanuc Intelligent Platforms, a unit of GE Enterprise Solutions, today announced the availability of three new modules to add to its 8000 Process I/O line of GE Fanuc Process Solutions. The 8129 Supervised Discrete Input/Output Module, the 8132 Universal Analog Input Module, and the 8133 Analog Input with HART Module, offer users flexibility, range and ease of configuration as part of the overall value of the 8000 Process I/O line.
NORWALK, Conn.--30 October 2008-- GE Commercial Finance Corporate Lending today announced it provided a $195 million cash flow credit facility to Bellisio Foods, a major frozen food manufacturer. The loan will be used for recapitalization and ongoing working capital needs. GE Capital Markets acted as co-lead arranger on the transaction.
* 56% of China's population is considered rural, representing an estimated $500MM market for medical equipment
* By 2010, GE Healthcare's Clinical Systems division will look to add five new products to its current commitment of one product every six months
* GE Healthcare intends to increase by 20% the number of local engineers located in Wuxi to design and manufacture rural products
