BETHESDA, Md.--21 July 2010-- GE Capital, Healthcare Financial Services announced today that it served as agent and sole lender to Mitralign, Inc. for a $5 million senior secured credit facility. Mitralign will use the credit facility for working capital as the company advances development of its mitral valve repair device.
A320 remains preferred choice of customers and operators in all sectors
FARNBOROUGH, United Kingdom, July 19, 2010 - GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE], has signed a firm order for 60 additional A320 family aircraft. This new order brings the total number of A320 family aircraft ordered by GECAS to 327 and the backlog of aircraft to be delivered to 99 aircraft.
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FARNBOROUGH, United Kingdom, July 16, 2010 - Boeing [NYSE: BA] and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE] today announced an order for 40 Next-Generation 737-800s
The order is valued at approximately $3 billion at list prices.
"We are pleased to announce this Boeing order and the further growth of our fleet," said Norman C.T. Liu, president and CEO of GECAS. "Over the years, GECAS has successfully leased many 737s to airlines around the world."
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[London, UK - 15 July 2010] GE Capital Global Banking announced today that it has reached a definitive agreement to sell BAC Credomatic GECF Inc. (BAC-Credomatic) to Grupo Aval, Colombia's largest banking holding group, for $1.9 billion.
The transaction is subject to certain regulatory approvals and other customary conditions, and the parties anticipate closing by the end of 2010.
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CHICAGO--Wednesday, July 14, 2010-- GE Antares Capital, a unit of GE Capital, today announced it served as Administrative Agent for a $125 million senior secured credit facility to GCA Services Group, Inc., which was used to refinance GCA's existing bank facility at a lower cost of capital. GE Capital Markets served as co-lead arranger and sole bookrunner on the facility.
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GE Capital, Commercial Distribution Finance is providing a credit facility to a Denver-based IT reseller to the commercial, federal, education and healthcare markets
HOFFMAN ESTATES, IL -- GE Capital, Commercial Distribution Finance (CDF) announced today that it has established a $35 million credit facility for Global Technology Resources, Inc. (GTRI), a leading provider of a wide variety of technology solutions.
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NEW YORK--Tuesday, July 13, 2010-- Peacock Equity, a joint investment fund of GE Capital's Media, Communications & Entertainment business and NBC Universal, today announced that it has invested $2 million in equity in Vivox, the world's leading provider of voice chat services for social applications including online games and virtual worlds. Other investors in Vivox include Benchmark Capital, Canaan Partners, GrandBanks Capital and IDG Ventures.
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NORWALK, Conn.--Tuesday, July 13, 2010-- GE Capital, Corporate Finance today announced it has secured a lease agreement with Polymer Group, Inc., a leading producer of nonwovens. The equipment lease facility will provide funding of up to $56 million for the primary equipment associated with the installation of a new state-of-the-art, custom-designed, spunmelt machine at a Polymer Group, Inc. plant in Waynesboro, Virginia.