NORWALK, Conn.--26 March 2012-- GE Capital, Corporate Finance today announced it is an administrative agent in a $52 million U.S. and Canadian cash flow credit facility for Germany-based Wanzl Group, one of the world's largest manufacturers of shopping carts.The loan will be used to support the acquisition of Cari-All Group, a leading manufacturer of shopping carts in North America. GE Capital Markets served as co-lead arranger and joint bookrunner.
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LONDON, March 26, 2012 -- GE Capital Aviation Services (GECAS), the commercial aircraft financing and leasing unit of GE, accepted the "2012 Lessor of the Year" award from Airline Economics magazine.
The publication's Airline 100 award is based on votes from more than 6,000 aviation executives around the world.
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Funds acquisition
SCOTTSDALE, Ariz.--23 March 2012-- GE Capital, Franchise Finance provided a $30 million credit facility to Shelton Restaurant Group, LLC, a Popeyes® Louisiana Kitchen franchisee. The financing is being used to acquire 29 Popeyes units in the Lafayette, Louisiana area. The funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
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London, 22 March, 2012: GE Capital has bolstered its European Corporate Aircraft Finance business, with the creation of several new roles and internal appointments. The changes include a new dedicated management team for Corporate Aircraft Finance -- Matthias Mueller will remain Commercial Leader and is joined by David Maher who is appointed to Chief Credit Officer and Colin Reid, who extends his remit as Asset Management Leader to include Corporate Aircraft Finance.
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Funds acquisition, store development and refinancing
SCOTTSDALE, Ariz.--20 March 2012-- GE Capital, Franchise Finance provided $4.5 million to KK Group of Companies, a SUBWAY® franchisee. The financing includes a $3.5 million term loan to refinance existing debt and a $1 million development line of credit to fund the acquisition of one new store and for the remodeling and reimaging of four existing units. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
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EDEN PRAIRIE, Minn.--19 March 2012-- GE Capital Fleet Services today announced the launch of a new toll management program for fleet managers that increases their visibility of and control over toll expenses, while reducing administrative tasks and cost burdens. This new program is being unveiled as U.S. states and municipalities increasingly use toll collection as a source of revenue with the average toll violation increasing 20 percent from 2010 to 2011 to $60 per violation.
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SAO PAULO, Brazil, March 19, 2012 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced delivery of a new Boeing 737-800 aircraft to Panama's Copa Airlines to expand its fleet. The aircraft comes from GECAS' existing order book with Boeing.
Copa currently operates a fleet of 73 aircraft to more than 70 destinations in North, Central and South America and the Caribbean.
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SAN ANTONIO, Texas - March 15, 2012 -- Fueling the build out of unconventional oil, gas and gas liquids infrastructure to support North American shale, GE (NYSE: GE) unit GE Energy Financial Services has invested in Howard Energy Partners, owner and operator of 280 miles of natural gas pipelines in the Eagle Ford Shale of South Texas. Howard Energy will double its size by using the investment to partially fund the acquisition of Meritage Midstream Services' natural gas gathering assets in South Texas.
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National Tile Retailer Extends Financing Program through its 57 U.S. Locations and Online Store
KETTERING, OHIO and PLYMOUTH, MINN. -- March 15, 2012 -- GE Capital Retail Bank and national tile retailer, The Tile Shop, announced today a multi-year extension of their credit card program, which originated in 2009. GE Capital's Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help build their customer sales, will continue to manage The Tile Shop relationship and service the account.