ANKARA, Turkey--Thursday, April 29, 2010-- GAMA Energy A.S., a joint venture between GAMA Holding A.S. and GE (NYSE:GE) unit GE Energy Financial Services, today announced their first wind energy projects in Turkey, the 22.5-megawatt Sares and 10-megawatt Karadag wind farms in the country's western region. The projects, costing a total €54 million, feature GE's 2.5-megawatt wind turbines.
CHICAGO--Tuesday, April 20, 2010-- GE Antares Capital, a unit of GE Capital, announced it served as administrative agent for a senior secured credit facility in conjunction with the acquisition of Caravan Trading Company by Sterling Foods, Ltd., an existing portfolio company of TGF Management Corp. and Austin Ventures. Proceeds of the new facility were used to finance the acquisition, refinance Sterling's existing senior credit facility and to provide for general ongoing working capital needs.
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30-year aviation industry veteran will help drive growth strategy at airframe parts business
MEMPHIS, TENN, April 15, 2010 --- Seamus (Shay) O'Donnell has been named vice president, sales and marketing at GE Capital Aviation Services' Asset Management Services (AMS) business, reporting to Steve Connolly, AMS general manager. O'Donnell joined GECAS in 2008 as global inside sales leader. Prior to 2008 , he worked for Volvo Aero in Seattle, Washington, in their venture with Boeing. O'Donnell has over 30 years of aviation industry experience.
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STAMFORD, CT, April 15, 2010 ---GE Capital Aviation Services (GECAS) announced today that it has entered into another deal with Air Berlin for the sale leaseback of four Airbus A320-200 aircraft.
The four aircraft will be delivered from Air Berlin's existing order book with Airbus, and all will be equipped with CFM56 engines. The aircraft will be delivered in 2010.
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Transaction marks first engine leasing deal with long-time strategic customer
STAMFORD, CT, April 15, 2010 --- GE Capital Aviation Services Ltd. (GECAS) announced today that it has executed a deal with Emirates, the Dubai-based airline, for the purchase/leaseback of eight GE90-115B engines to support the carrier's Boeing wide body fleet. This was the first engine leasing deal consummated between the two companies, and was contracted by the Engine Leasing division of GECAS.
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GE Capital will add new features to LeasingSource, its comprehensive online sales productivity tool for dealers of office imaging equipment.
Irving, TX ― GE Capital announced today that its Vendor Finance business will add new features to LeasingSource (http://ge.leasingsource.com), its comprehensive online sales productivity tool. Scheduled for launch this summer, the system will further increase the speed and ease of leasing office imaging equipment.
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NORWALK, Conn.--Friday, April 09, 2010-- GE Capital, Corporate Retail Finance today announced it was co-collateral agent on a $700 million asset-based credit facility for Borders Group, Inc. (NYSE: BGP), a specialty retailer of books and other educational and entertainment items. The loan will be used to support working capital needs. GE Capital Markets served as co-lead arranger.
Borders Group is headquartered in Ann Arbor, MI, and employs approximately 19,500 throughout the U.S., primarily in its Borders® and Waldenbooks® stores.
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BETHESDA, Md.--Tuesday, April 06, 2010-- GE Capital, Healthcare Financial Services today announced it has provided a $35 million revolving line of credit to CCS Medical, Inc. The loan will be used to refinance existing debt, provide working capital and support growth initiatives following CCS Medical's exit from Chapter 11 bankruptcy protection on March 31, 2010.