NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $400 million trade accounts receivable securitization to Cummins Inc. (NYSE: CMI), a leading manufacturer of diesel engines, power generation systems and related components and technologies. The financing will be used to fund working capital needs and the loan may be increased to $500 million subject to the satisfaction of certain terms and conditions.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $400 million trade accounts receivable securitization to Cummins Inc. (NYSE: CMI), a leading manufacturer of diesel engines, power generation systems and related components and technologies. The financing will be used to fund working capital needs and the loan may be increased to $500 million subject to the satisfaction of certain terms and conditions.
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Company Presents Shock-Absorbing Disc and Posterior Disc at NASS
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--SpinalMotion, developer of two investigational artificial discs for treating patients with degenerative disc disease, has closed a $14 million loan facility with GE Healthcare Financial Services. The venture debt will be used to fund SpinalMotion's product expansion and additional clinical evaluation.
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ATLANTA--(BUSINESS WIRE)--Reinforcing its capability to meet the growing global demand for wind turbines, GE Energy has signed an agreement with one of the leading wind turbine blade suppliers, TPI Composites. In support of the agreement, TPI plans to build a new 316,000 square foot facility in Newton, Iowa that will create approximately 500 new jobs.
The new plant will expand TPI's capacity to produce blades for GE's 1.5-megawatt wind turbines, which are among the most widely used wind turbines in the world, with more than 6,500 installed.
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CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services signed a vendor financing agreement with Haemonetics Corporation, a global healthcare company dedicated to providing innovative blood management solutions. Under the agreement, GE Healthcare Financial Services will provide its full range of equipment financing options including operating leases, loans and customized programs to Haemonetics' customers.
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DAMMAM, SAUDI ARABIA -- November 26, 2007 -- Saudi Arabian Sensing Solutions Co (SASSCO), the joint company formed by GE Sensing and the Tamimi Group, opened its new sales, service and training centre in Al Khobar today. The opening of the centre further demonstrates GE's commitment to on-going, significant investment in the Kingdom.
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GE Healthcare Showcases "Gemstone" Detector Material, Crystal Clear Image Clarity at RSNA
RSNA 2007
CHICAGO--(BUSINESS WIRE)--High-Definition (HD) technology is coming into every facet of our lives. It's used in the electronics in our homes, the radios in our cars and may be coming soon to the health care providers we depend on.