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.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced it acted as administrative agent for a $143 million senior secured credit facility to support the acquisition of Coastal Concrete LLC, a company acquired by Park Avenue Equity Partners II, LLC ("Park Avenue"). GE Capital Markets served as lead arranger and bookrunner.
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East Hampton, Mass. dealership financed with $4.9 million
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Ed Lemco, long-time icon in the motorcycle industry, and his business partner Aaron Patrick have acquired an East Hampton, Mass., Harley-Davidson dealership with $4.9 million in financing from GE Capital Solutions, Franchise Finance.
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Revolving & Installment Financing in Time for National Remodeling Month
ST. PAUL, Minn.--(BUSINESS WIRE)--In time for National Remodeling Month in May, GE Money's Sales Finance unit and United Building Centers (UBC), a national supplier to builders, contractors and project-oriented consumers, today announced a new multi-year relationship to provide consumer financing through GE Money's PROJECTLINESM program for purchasing UBC's wide variety of building materials and home improvement products.
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HOUSTON & LAKEWOOD, Colo.--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) has completed the sale of its US natural gas retail distribution and related operations serving over 260,000 customers in Colorado, Nebraska, Wyoming, as well as Hermosillo, Mexico, to GE Energy Financial Services and Alinda Investments LLC for $710 million plus working capital, the companies announced today.