TULSA, OK -- Aug. 5, 2014 - GE unit (NYSE: GE) GE Energy Financial Services has partnered with Casillas Petroleum Corp. to purchase oil and gas reserves in southwest Kansas from Cimarex Energy Co. (NYSE: XEC). The purchase marks the first collaboration between GE and Casillas Petroleum. Financial details were not disclosed.
Invest in Success program also brings training and ongoing support
SALT LAKE CITY, UT, AUG. 5, 2014 --- GE Capital Bank is providing training, management expertise and funding grants to six community organizations that serve rural Utah. Called "Invest in Success," the program helps non-profit leaders build essential skills through courses designed to emulate corporate executive education seminars. The program is presented in conjunction with the Community Foundation of Utah and Fifth Ocean Consulting.
business unit
tags
SCOTTSDALE, AZ, JULY 28, 2014 --- GE Capital's Franchise Finance business announced today that it has loaned $39.4 million to Cotti Foods for the acquisition of 39 Wendy's restaurants, the remodeling of existing units and the development of new units.
Cotti purchased the units --- 32 in the greater Los Angeles market as well as seven in Hawaii --- from Wendy's International Inc. In total, Wendy's® has sold 418 company-operated restaurants across 13 U.S. markets, primarily in the West, to align restaurant ownership and generate a more predictable revenue stream.
business unit
tags
Research breakthrough will vastly improve color and crispness of images on LED devices
NISKAYUNA, NY, July, 24, 2014 -- GE announced today a research breakthrough that will vastly improve the color and crispness of images displayed on LED devices -- everything from cell phones and tablets to televisions. Scientists at GE Lighting and GE Global Research developed a phosphor powder that, when packaged inside an LED, push the picture quality of LED electronics to new heights.
business unit
tags
CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $555 million senior secured credit facility to support the acquisition of Duro Bag Manufacturing Company by Hilex Poly Company , a portfolio company of Wind Point Partners. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
business unit
tags
BETHESDA, MD --- GE Capital's Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $9 million for USGI Medical, Inc., a San Clemente, CA-based company that develops endoscopic procedures for obesity and other advanced therapeutic endoscopy applications.
business unit
tags
NORWALK, CT -- GE Capital, Corporate Retail Finance today announced it is providing Brookstone, the product development company and specialty retailer, with a $115 million senior credit facility. The financing will be used to support the company's recent acquisition by Sailing Innovation (Sailing) and general working capital needs.