New Locomotives Will Help Customer Transport Phosphate from Mines
CONTAGEM, Brazil--(BUSINESS WIRE)--Four new modernized GE C24 MMI locomotives are now Jordan-bound to help Aqaba Railway Corporation provide reliable and efficient rail service as part of its large phosphate mining operations. Aqaba Railway Corporation operates a diesel locomotive fleet of 24 units that transport phosphate rock from the mines to the port of Aqaba.
The American Wind Energy Association Reports GE as #1 U.S. Provider
ATLANTA--(BUSINESS WIRE)--Reaffirming its position as the leading supplier of technology and services for the U.S. wind industry, GE Energy (NYSE: GE) provided wind turbines representing over 45% of the country's new wind capacity in 2006.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Media, Communications & Entertainment (formerly Global Media & Communications) today announced that it has provided Peak Broadcasting with financing for the company's acquisition of seven radio stations in the Fresno, California market. The $86.5 million transaction closed March 30.
GE -- Media, Communications & Entertainment is the administrative agent and underwriter for the $68.5 million first lien, while GE Capital Markets acted as sole lead arranger and bookrunner for the entire facility.
PITTSFIELD, Mass.--(BUSINESS WIRE)--GE Plastics today announced new grades of its tough Xenoy1 resin, which are excellent candidates to help meet the regulatory, performance, and cost challenges of molding fuel tanks for lawn mowers, snow blowers, personal recreation vehicles, generators, and other small engines. Xenoy X6800BM blow-molding and Xenoy 6620-GT injection-molding resin grades provide a one-step, monolayer solution to help meet current and upcoming California Air Resources Board (CARB) and U.S.
New Locomotives Will Help Customer Transport Phosphate from Mines
Contagem, BRAZIL (April 10, 2007) -- Four new modernized GE C24 MMI locomotives are now Jordan-bound to help Aqaba Railway Corporation provide reliable and efficient rail service as part of its large phosphate mining operations. Aqaba Railway Corporation operates a diesel locomotive fleet of 24 units that transport phosphate rock from the mines to the port of Aqaba.
Diet & Nutrition I
LOUISVILLE, Ky.--(BUSINESS WIRE)--One of the challenges of following a diet that calls for fresh fruits and vegetables is keeping those fruits and vegetables ... fresh. According to a recent study, Americans tend to lose track of their perishables once they are stowed away in the refrigerator. The result is spoiled food and wasted money.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced it acted as administrative agent for a $240 million senior secured credit facility for the recapitalization of Transaction Network Services ("TNS"). GE Capital Markets served as sole lead arranger.
The financing consisted of a $15 million senior secured revolving credit facility and a $225 million senior secured term loan. Proceeds were used to fund a special dividend payment and to refinance existing senior indebtedness.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Media, Communications & Entertainment (formerly Global Media & Communications) today announced it is the administrative agent and sole lender of a $30 million credit facility for Penn Foster, a portfolio company of the Wicks Group of Companies LLC, to support their acquisition of Education Direct, Inc. and Thompson Education Direct, Ltd. The GE business will also take an equity position by contributing $0.5 million to Penn Foster. The transaction closed on March 27.
