PASCAGOULA, Miss.--Wednesday, March 31, 2010-- GE Energy Financial Services -- pursuing its strategy of helping to build core, essential energy infrastructure -- announced today it is investing $150 million in a liquefied natural gas receiving terminal under construction in Mississippi that will increase natural gas supplies to the Northeast and Southeast United States.
MAINZ, 29 March, 2010: GE Capital today signed an agreement with the Royal Bank of Scotland Plc (RBS) to acquire 100% of RBS Factoring GmbH, RBS's factoring and invoice financing business in Germany, for an undisclosed amount. The transaction is subject to a number of conditions, including regulatory approval.
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EDEN PRAIRIE, Minn.--Wednesday, March 24, 2010-- GE Capital today announced the appointment of Deb Frodl as Chief Strategic and Product Development Leader of GE Capital's Fleet Services business. Frodl will be responsible for driving strategy, product development, marketing and strategic alliances.
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Funding allows for remodeling, purchasing of underlying land, and refinancing
SCOTTSDALE, Ariz.--Tuesday, March 23, 2010-- GE Capital, Franchise Finance recently provided a $3.5 million credit facility to New-Wen, Inc., owners and operators of six Wendy's units in Ohio. New-Wen used the proceeds to refinance its existing debt structure in order to help in remodeling some restaurants and to purchase the underlying land at one of their existing Wendy's locations.
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NORWALK, Conn.--Friday, March 19, 2010-- GE Capital, Corporate Finance today announced it is sole lender for a $50 million asset-backed credit facility, which is part of an overall $105 million facility provided to JWTR, a timberland owner and operator. GE Capital Markets served as lead arranger for the incremental $55 million facility. The facility will be used to refinance existing debt.
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BETHESDA, Md.--Thursday, March 18, 2010-- GE Capital, Healthcare Financial Services has provided $31.5 million as part of a $145 million senior secured credit facility for Harden Healthcare, LLC. Harden will use the proceeds of the financing to provide additional growth capital and to refinance its existing debt facilities. GE Capital is the administrative agent for the credit facility. GE Capital Markets served as co-lead arranger and joint bookrunner.
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NORWALK, Conn.--Tuesday, March 16, 2010-- GE Capital, Restructuring Finance today announced it is sole collateral agent for a $109 million cash flow plan of reorganization credit facility for Muzak, a leading provider of music and sensory branding services for businesses. The loan supports Muzak's exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as sole lead arranger on a portion of the facility.
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EDEN PRAIRIE, Minn.--Tuesday, March 16, 2010-- GE Capital Fleet Services today announced it has launched TruckVantageSM Compliance, a new regulatory compliance service for truck customers. Working with J.J. Keller and Associates, a leader in regulatory management solutions, this new service enables customers to stay at the forefront of increasing regulations by combining GE Capital Fleet Services' truck expertise with J.J. Keller's dedicated focus on regulatory compliance.
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Pan-European Customers Implemented 47% of Identified Savings in 2009
BRUSSELS, 11th March 2010: GE Capital identified $102 million (€76 million) of total cost savings for its European fleet customers in 2009 by examining every element of the fleet mix, from contract extensions to CO2 emissions. The saving opportunities were created by GE Capital's Key Solutions team -- a fleet consultancy service focused on helping drive down the cost of running car fleets.