GE Capital releases data that shows the mid-market requires greater support and access to capital to grow
13 October 2011 [Melbourne, Australia]: Data from a new study reveals that despite medium sized businesses representing just 1.3% of all businesses in Australia, the sector contributed close to $425 billion towards GDP in the 2009-10 financial year, exceeding the valued added by either small or big business.
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NORWALK, CT -- October 19, 2011-- GE Capital, Corporate Finance today announced it is the administrative agent for a $150 million asset-based credit facility to United Copper Industries, Inc. (UCI), a leading manufacturer of building wire and cable. The loan was used to support the company's acquisition by KPS Capital Partners, LP and for UCI's ongoing working capital needs. GE Capital Markets served as sole lead arranger and bookrunner.
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DALLAS, TX and CAGLIARI, Italy, October 18, 2011 -- A greenhouse nearing completion in Italy will tap the sun's energy to grow crops while generating electricity from its roof-mounted photovoltaic modules in a project co-owned by clean energy developer Moser Baer Clean Energy Limited (MBCEL) and GE (NYSE: GE) unit GE Energy Financial Services. The companies announced today at Solar Power International, a major industry trade show and conference in Dallas, Texas, that GE Energy Financial Services has invested US$58 million in the 20-megawatt project near Cagliari in Sardinia, Italy.
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Funds new store development and refinancing of existing debt
GE Capital, Franchise Finance recently provided GC Partners, Inc., a Golden Corral® franchisee, with an $18.5 million credit facility for store remodeling, new unit development, and debt refinancing. Part of the funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
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STAMFORD, Conn., Oct. 14, 2011 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is acquiring a diverse pool of nearly $1 billion in senior secured energy project finance assets located in more than a dozen countries. GE Energy Financial Services is acquiring the portfolio from the Bank of Ireland, which is selling non-core loans as part of its deleveraging plan.
The loans are secured by long-lived energy infrastructure assets with an average loan size of approximately $35 million.