Funding allows for refinancing of existing debt
SCOTTSDALE, Ariz.--07 December 2010-- GE Capital, Franchise Finance provided $10.5 million in financing to Wendy's® fast food franchisee, Legacy Restaurant Group, LLC. The facility will be used to refinance existing debt. Financing was provided through the GE Capital, Franchise Finance bank affiliate, GE Capital Financial Inc.
EDEN PRAIRIE, Minn.--06 December 2010-- GE Capital Fleet Services today announced it will provide its telematics-based Mobile Resource IntelligenceSM program to Raymond Handling Concepts, a leading provider of high-density storage and order-picking systems used in warehousing and distribution. The company will use the Intelligence OpsSM solution, an integrated business intelligence solution for operations and sales leaders, which drives significant profitability improvements through more efficient mobile operations.
Program will subsidize subscription cost of Spader True™, a comprehensive business performance application
HOFFMAN ESTATES, IL -- GE Capital, Commercial Distribution Finance (CDF) today announced the launch of a new program with Spader Business Management. Under the program, GE Capital is subsidizing a one-year subscription to Spader True™, an online system that allows qualified recreational vehicle (RV) dealers in the U.S. to compare their business performance against industry benchmarks on a wide variety of financial metrics.
KETTERING, OHIO and MINNEAPOLIS, MINN. -- November 29 2010 -- GE Money Sales Finance, a consumer lending unit of General Electric Company (NYSE:GE - News), today announced an agreement with Polaris Industries to be the exclusive provider of promotional financing for Victory motorcycles. The multi-year program is managed by GE Money's Sales Finance unit and continues the financing relationship that was originally launched in 2006.
AUSTIN, TX -- Nov. 23, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it has served as lead arranger of a $150 million senior secured credit facility to enable a private oil and gas exploration company to develop oil and gas wells in east Texas.
NORWALK, Conn.--23 November 2010-- GE Capital, Corporate Finance today announced it is agent for a $200 million asset-based credit facility to International Automotive Components Group North America, Inc. (IAC), a leading global automotive parts supplier. The loan will be used for working capital needs and to support growth and expansion efforts. GE Capital Markets served as sole lead arranger.
ADDIS ABABA, ETHIOPIA, November 22, 2010 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced today at the 42nd general assembly of the African Airlines Association (AFRAA) the opening of new offices in Accra, Ghana and Cape Town, South Africa to expand and strengthen relationships with its airline customers in Africa. The Accra office will serve airline customers in West and Central Africa. The Cape Town office will focus on customers in southeastern Africa. North Africa will continue to be covered by GECAS' Dubai office.
