NORWALK, Conn. & MONTREAL--17 September 2010-- GE Capital, Corporate Retail Finance today announced it is co-collateral agent for a $C800 million asset-based revolving credit facility to Sears Canada Inc., a leading retailer throughout Canada. The loan will be used for working capital and general corporate purposes. GE Capital Markets served as co-lead arranger.
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GE Capital will manage a new end-user financing program for sales generated through Dell's 20,000+ technology resellers in the U.S.
IRVING, TX--GE Capital announced today that it has been chosen by Dell Inc. and Dell Financial Services to support a new end-user financing program. This program applies to sales of technology solutions generated through Dell's 20,000+ channel partners in the U.S.
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SSLP has now financed seven transactions in 2010 through GE Capital and Ares Capital Corporation Partnership.
New York, N.Y.---The Senior Secured Loan Program, jointly managed by affiliates of GE Capital and Ares Capital Corporation, announced today that it has closed four new financing transactions, totaling approximately $689 million, during the third quarter.
Below is a description for two of these transactions.
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EDEN PRAIRIE, Minn.--13 September 2010-- GE Capital Fleet Services today announced that customers enrolled in its Maintenance Management program realize $40 million in negotiated repair cost savings annually, according to an extensive maintenance pricing study. The program provides customers with access to maintenance providers that offer quality service for common repairs on popular auto, light truck and service vans.
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GE Capital, Americas is providing inventory and working capital financing to resellers that want to acquire products from KBZ Communications, Inc. of Doylestown, PA.
Hoffman Estates, IL, Sept. 9, 2010 ― GE Capital's Commercial Distribution Finance (CDF) business announced today that it has entered into a new agreement with KBZ Communications, Inc. to provide inventory and working capital financing to resellers that want to acquire KBZ products, including Tandberg telepresence and video equipment.
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NORWALK, Conn.--08 September 2010-- GE Capital, Corporate Finance today announced it is agent for a C$300 million asset-based credit facility to Evraz Inc. NA Canada, a steel plate and pipe manufacturer. The loan will be used for working capital needs and other corporate purposes. GE Capital Markets served as joint lead arranger.
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London, 7 September 2010: James Fenner has been named as the new President and CEO for GE Capital's Leveraged Finance business*, effective immediately, subject to regulatory approval. Fenner will be responsible for consolidating GE Capital's position as one of the top Leveraged Finance players in Europe, leading and arranging mid market transactions and building close links with commercial partners such as Mubadala GE Capital. He replaces Thomas Greco, who has left to pursue opportunities outside of GE. The position reports into Rich Laxer, EMEA President and CEO for GE