NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it has provided a $550 million asset-based credit facility to Finlay Enterprises, Inc. (NASDAQ: FNLY), a fine jewelry retailer. The loan replaces a previous facility with GE and will be used to support Finlay's acquisition of Bailey Banks & Biddle, a division of Zale Corporation. GE Capital Markets served as sole bookrunner on the transaction.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it has provided a $550 million asset-based credit facility to Finlay Enterprises, Inc. (NASDAQ: FNLY), a fine jewelry retailer. The loan replaces a previous facility with GE and will be used to support Finlay's acquisition of Bailey Banks & Biddle, a division of Zale Corporation. GE Capital Markets served as sole bookrunner on the transaction.
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DUBAI-November 11, 2007-Emirates has selected the GP7200 engine to power its 12 additional Airbus A380 aircraft. The engine order is valued at $800 million (USD) list price.
"Emirates is the launch customer for the GP7200 and we are pleased that they have selected the Engine Alliance to supply the powerplant for its additional A380 aircraft," said Bruce Hughes, president of the Engine Alliance. "Our product support team has been working with Emirates to ensure a smooth entry into service when it takes delivery of its first GP7200-powered A380 aircraft next year."
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HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--GE Capital Solutions, Commercial Distribution Finance (CDF), recently signed an agreement to provide 60 day free financing terms for qualified SonicWALL channel partners who acquire SonicWALL product from any of the following distributors: Tech Data, Ingram Micro, Securematics or Alternative Data Technology.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance's Global Sponsor Finance business today announced it served as administrative agent for a $225 million term loan Add-on facility to United Agri Products, Inc. GE Capital Markets served as sole lead arranger and sole bookrunner.
The Add-on provides additional liquidity to fund future acquisitions and capital expansion opportunities for UAP's growth strategies.
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VANCOUVER, British Columbia--(BUSINESS WIRE)--Plutonic Power Corporation (Plutonic) (PCC-TSX) and a Canadian affiliate of GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that a $470 million senior secured credit facility for the Toba Montrose General Partnership has been closed with a syndicate of financial institutions.
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FAIRFIELD, CONN. -- November 8, 2007 -- GE will increase its pension benefit payments to more than 130,000 eligible retirees, effective December 1, 2007, GE Chairman and CEO Jeff Immelt announced today.
"We are pleased to provide a pension increase that recognizes the past achievements of GE retirees," Immelt said. "This improvement provides the largest amounts for those who have been retired the longest and generally have the greatest need."