BETHESDA, Md.--04 April 2011-- GE Capital, Healthcare Financial Services, as agent and co-lender, announced today that it has funded the final $10 million tranche of a $20 million senior secured multi-draw term loan to NeoVista®, Inc. The financing provides NeoVista with working capital to support the completion of its pivotal FDA trial for the treatment of wet age-related macular degeneration, utilizing the VIDION® ANV® Therapy System.
NORWALK, Conn.--04 April 2011-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $750 million asset-based credit facility for RG Steel, LLC, a flat-rolled steel producer and wholly owned subsidiary of The Renco Group, Inc. The loan will be used to support the acquisition of three steel companies from Severstal North America to form RG Steel, LLC. GE Capital Markets served as co-lead arranger.
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EDEN PRAIRIE, Minn.--04 April 2011-- GE Capital Fleet Services announced today that it has launched a new mobile application, U.S. Fuel Price Mapping, to enable drivers and fleet managers to reduce fueling costs. The application, part of GE's mobile fleet platform, helps drivers locate the correct type of fuel at the lowest price from any location, all from their mobile device.
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Growth expected in sales and service
MOBERLY, MO -- Office imaging veterans have a largely positive outlook for their industry in 2011, according to survey results released today by GE Capital's office imaging business. Growth will be driven by both sales and service in 2011, says the survey, despite hurdles such as upcoming changes in lease accounting requirements and pressure on profit margins.
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NORWALK, Conn.--31 March 2011-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $1.35 billion asset-based revolving credit facility for Ryerson Inc., a leading metals distributor and processor. The loan will be used to refinance an existing credit facility. GE Capital Markets served as co-syndication agent. GE also provides the company with equipment financing.
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GE Capital is rolling out WattWise, a new mobile application, to U.S. franchise customers
Scottsdale, AZ -- GE Capital is rolling out WattWise, a new mobile application, to its franchise restaurant operator customers in the U.S. WattWise analyzes the energy consumed by the lighting currently installed in a restaurant, then estimates the savings operators can achieve if they switch to more energy-efficient alternatives.
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SEATTLE, March 30, 2011 -- Boeing [NYSE: BA] and GE Capital Aviation Services (GECAS) finalized an order for 10 777-300ER (extended range) airplanes. The order is worth approximately $2.8 billion at list prices. The new 777-300ERs will help GECAS meet growing airline demand for long-haul passenger airplanes.
"This order adds to our existing portfolio of 777 aircraft," said Norman C. T. Liu, GECAS president and CEO. "A key part of our strategy is to expand our long-haul product offerings to satisfy customer demand."
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SHANGHAI, March 28, 2011 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced delivery of two new Boeing 737-86N aircraft leased to Xiamen Airlines. Both aircraft come from GECAS' existing order book with Boeing.
Xiamen currently operates a fleet of 71 aircraft to more than 150 destinations.
Dan Whitney
GE Capital Aviation Services
[email protected]
203-585-2268
203-300-8707