GE Capital Fleet Services Survey Finds Cost Goals Slip to Number Two Concern
Eden Prairie, Minn. -- May 29, 2013 -- According to a recent survey by GE Capital Fleet Services, the biggest concern for fleet managers is ensuring the safety of their drivers. With more than a third (36 percent) of fleet managers citing it as their predominant concern, driver safety outpaced cost-savings goals and workforce productivity (22 percent each).
business unit
tags
Provides speed and flexibility for hotel acquisitions
SCOTTSDALE, AZ --- GE Capital's Franchise Finance business announced today that it has provided a $45 million real estate-secured revolving credit facility to new customer Platinum Hospitality Management, an affiliate of Platinum Companies. Based in Hermitage, TN, a suburb of Nashville, Platinum operates several premium-branded, select service hotels under the Marriott, Hilton and Intercontinental brands.
business unit
tags
NORWALK, CT -- May 24, 2013 -- GE Capital, Corporate Retail Finance today announced it is administrative agent on a $550 million senior secured credit facility for Lord & Taylor, a leading North American retailer. The proceeds will be used to refinance debt, support ongoing working capital needs and for other corporate purposes. GE Capital also provided the company with interest rate risk management products and services. GE Capital Markets served as joint lead arranger and book runner.
business unit
tags
Eden Prairie, Minn. -- May 21, 2013 -- GE Capital Fleet Services today announced the results of its 18th annual fleet passenger car maintenance study, which found that overall fleet car maintenance costs increased by seven percent in 2012 compared to 2011. Although scheduled maintenance costs increased, overall car maintenance costs were down 1.5 percent from 2010 due to vehicle replacement initiatives.