NORWALK, Conn.--28 June 2011-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $115 million senior secured credit facility for Grede Holdings LLC, a diversified iron casting supplier. The financing will be used for acquisitions and working capital needs. GE Capital Markets is co-lead arranger.
NORWALK, CT-- June 27, 2011 --- GE Capital today announced it is administrative agent for a total of $228.9 million in project finance credit facilities to fund the development, construction and operation of Greenpac Mill, LLC, a greenfield recycled linerboard mill by Norampac, a division of Cascades, Inc. (TSX: CAS) and other investors. GE Capital Markets acted as sole lead arranger and sole bookrunner.
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(HAYWARD, Calif.) -- June 27, 2011 -- Calpine Corporation (NYSE:CPN) and GE (NYSE: GE) unit GE Energy Financial Services announced today that they have obtained an $844.5 million credit facility to finance construction of the 619-megawatt, combined-cycle Russell City Energy Center in Hayward, California. The power plant, now under construction, was the nation's first to receive a federal air permit that includes a voluntary limit on greenhouse gas emissions.
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Sydney, Australia: 27 June 2011 - GE today made a strategic move to make electric vehicles (EVs) in Australia a real choice for all Australians and help address the nation's sustainable transport challenge.
The company has joined EV Engineering Limited (EVE), the consortium of transport services and automotive manufacturing companies working to design and engineer seven 'proof-of-concept' fully-electric, switchable-battery versions of Australia's number one selling passenger vehicle, the Holden Commodore.
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HOFFMAN ESTATES, Ill.--23 June 2011-- GE Capital's Commercial Distribution Finance (CDF) business today announced an agreement with Felling Trailers to provide floorplan financing options for dealers purchasing Felling's brands. The $2.3 million facility covers dealers in the US and Canada.
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BETHESDA, MD -- June 22, 2011 --- GE Capital, Healthcare Financial Services today announced it was administrative agent on $205 million of credit facilities for U.S. HealthWorks Holding Company, Inc. The loan refinances existing debt and provides additional capital to support a company preferred stock redemption. GE Capital Markets served as sole lead arranger and bookrunner for the credit facilities.
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Deal funds refinancing of two hotels
SCOTTSDALE, Ariz.--22 June 2011-- GE Capital, Franchise Finance recently completed an $18.5 million term loan to K Partners Hospitality Group, L.P. for the refinancing of a Hampton Inn & Suites and a Homewood Suites located in Lancaster, California. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
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We appreciate that this is a difficult time for you, your family and for all of the residents of Christchurch. You can rest assured that you have the full support of GE Capital and Custom Fleet across New Zealand and Australia.
GE Capital and Custom Fleet's site in Carmen Road has reopened and has resumed normal business operations on Wednesday 22nd June.
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NEW YORK and EZINE, Turkey -- June 21, 2011 -- Turkey's newest wind farm -- the first owned by a joint venture of GAMA Holding A.S. and GE (NYSE:GE) unit GE Energy Financial Services -- is now selling clean electricity and helping the country meet its renewable energy generation targets, the companies announced today at an American Council on Renewable Energy conference in New York.