RAS LAFFAN, QATAR -- August 25, 2007 -- GE Oil & Gas' PII Pipeline Solutions group has been awarded a long-term, multi-million dollar contract to provide Dolphin Energy Ltd. of the UAE with integrity management services to ensure the uninterrupted operation of Dolphin's critical sea and export pipelines in Qatar.
CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a $61 million senior secured credit facility to support Nautic Partners' acquisition of Prince Sports in partnership with Prince's management. GE Capital Markets served as sole lead arranger and sole bookrunner. This transaction is fully syndicated.
The financing consisted of a $20 million revolving credit facility and a $41 million term loan facility. Proceeds were used to fund Nautic's acquisition of Prince and to provide for future working capital needs.
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Warranty Services Unit to Expand Reach with AppOne Technology
DENVER--(BUSINESS WIRE)--GE Money's Warranty Services division, which provides vehicle service contracts to franchise and independent automobile dealers, today announced a partnership with AppOne, a provider of Internet-based risk mitigation and financial technology to banks, to provide a technology solution that connects independent auto dealers with lenders.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance's Media, Communications & Entertainment business today announced it closed a transaction as administrative agent for a $137 million credit facility to support the acquisition of Ziff Davis Media's Enterprise Group by Enterprise Media Group, a new portfolio company of Insight Venture Partners. In conjunction with the acquisition, Developer Shed LLC, an existing portfolio company of Insight Venture Partners, was combined with Enterprise Media Group. GE Capital Markets served as sole lead arranger for the financing.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance's Media, Communications & Entertainment business today announced it has provided a $250 million senior secured credit facility to Lightower, a new entity formed by management, M/C Venture Partners and Wachovia Capital Partners to acquire the communications assets of National Grid Wireless U.S. from National Grid plc. GE -- Media, Communications & Entertainment is the administrative agent and GE Capital Markets acted as sole bookrunner and sole lead arranger for the facility. National Grid Wireless U.S.
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ISSFA Member Fabricators Provide Revolving and Installment Credit
ST PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and International Solid Surface Fabricators Association (ISSFA), a non-profit trade association for solid surface and quartz fabricators, today announced a new five-year relationship to provide private label revolving and installment credit options through GE's PROJECTLINESM and PROJECTLOANSM programs.
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GE Healthcare's Integrated IT Solutions Business Showcases Advancements in Electronic Health Records to NGA's State Alliance for e-Health Quarterly Meeting
BURLINGTON, Vt.--(BUSINESS WIRE)--GE Healthcare, a unit of General Electric Company (NYSE: GE) a leading vendor of clinical, financial and administrative information technology solutions, today showcased the company's innovative health information technology (HIT) solutions to members of the National Governors Association's (NGA) State Alliance for e-Health.
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Two-year grant to significantly expand Transitions Service Program
FAIRFIELD, Conn.--(BUSINESS WIRE)--The GE Foundation, the philanthropic organization of General Electric Company, today announces that it has approved a two-year grant in the amount of $1.5 million to Disabled American Veterans (DAV), an organization of disabled veterans who are focused on building better lives for disabled veterans and their families.