Program bridges liquidity gap between product build-up and customer payment
CHICAGO, IL, JUNE 11, 2014 --- GE Capital, Commercial Distribution Finance (CDF) is expanding the pool of working capital financing available to small and middle market information technology (IT) solution providers. With secured lending from a reliable liquidity source, entrepreneurs may be more prepared to bid on large projects, even if they expect extended cash collection periods from their customers.
CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $107 million multi-currency, cross-border credit facility to McLarens Global Limited (McLarens). The transaction refinanced the company's senior debt, repaid its subordinated debt and provided flexibility for future acquisitions. GE Capital Markets served as lead arranger and joint book runner on this facility.
BOSTON---June 9, 2014---Energyzt Analytics, LLC has agreed to license GE's (NYSE: GE) Multi Area Production Simulation (MAPS) software, part of a suite of software solutions from GE's Energy Consulting business. Energyzt provides advanced analytical services and products to companies and investors in the energy industry and their advisors.
NORWALK, CT -- GE Capital today announced it has provided Accolade Wines, the world's fifth largest wine producer, with a $300 million cross-border credit facility. The financing will enable the continued global growth of the business.
GE Capital facilitated financing across Australia, the United Kingdom, New Zealand and the United States, giving Accolade seamless access to capital in regions of operation. With its roots in one of the first wineries established in Australia, today Accolade sells wine in over 80 countries.
BENTONVILLE, Ark. -- June 3, 2014 -- Sam's Club today announced a credit card cash back program that gives members the opportunity to earn 5 percent cash back on fuel, 3 percent cash back on dining and travel, and 1 percent cash back on all other purchases, up to $5,000 annually.
Honorees to receive awards during CIO 100 Symposium & Awards Ceremony
NORWALK, CT, JUNE 3, 2014 --- IDG's CIO magazine announced that GE Capital (NYSE: GE) received two notable CIO 100 awards for its innovative programs and solutions that help customers across the globe achieve their business goals in 2014.
NORWALK, CT -- GE Capital, Corporate Finance today announced it is the administrative agent and sole lender on a $60 million senior credit facility for Consolidated Systems Incorporated (CSi). CSi produces metal products for use in the commercial construction industry and for original equipment manufacturers (OEMs). The financing will be used for working capital and general business needs.
