The Merger of Bank BPH and GE Money Bank was registered today by District Court in Krakow. The legal merger was thus completed.
The merged Bank has bigger growth potential: a full range of products will be offered to customers through a variety of distribution channels. The merger facilitates capitalizing on the strengths of both companies.
NORWALK, Conn.--Monday, December 21, 2009-- GE Capital, Corporate Retail Finance today announced it served as sole lender for a $35 million asset-based credit facility to Loehmann's, Inc., an off-price retailer of designer fashions. The loan will be used for working capital needs.
NORWALK, Conn.--Friday, December 18, 2009-- GE Capital, Restructuring Finance today announced it is co-collateral agent in a $250 million plan of reorganization credit facility for Nortek, Inc., a manufacturer of residential and commercial building products. The loan supports Nortek's pre-packaged exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as joint-lead arranger.
SHANNON, IRELAND, DECEMBER 15, 2009 --- GE Capital Aviation Services Ltd. (GECAS), the Irish-based aircraft leasing business of General Electric Capital Corporation announced the sale of 15 commercial aircraft valued at approximately US$830MM leased to multiple airlines around the world to CDB Leasing Co., Ltd., a subsidiary of China Development Bank.
President Wang Chong of CDB Leasing Co., Ltd. said: "We are pleased to close this major aircraft transaction with GECAS. It will greatly expand our international presence."
NORWALK, Conn.--Wednesday, December 09, 2009-- GE Capital, Corporate Finance today announced it provided a $30 million revolving credit facility to Harcros Chemicals Inc., a major distributor and producer of industrial chemicals. The loan refinances the company's existing credit and supports ongoing working capital needs. The facility may be increased to $35 million, subject to certain conditions.
LINDEN, N.J.--Tuesday, December 08, 2009-- Two major Northeastern US power grids, in New Jersey and New York City, are now talking to each other and dispatching energy more efficiently and reliably using breakthrough GE smart grid technology and capital, the company announced today. Three massive "variable frequency transformers" are converting up to 315 megawatts of electricity -- enough for up to 300,000 homes -- from the power system in New Jersey and feeding it to New York City.
NORWALK, Conn.--Tuesday, December 08, 2009-- GE Capital, Corporate Finance today announced it is administrative agent for a $168 million cash flow credit facility for Blount International, Inc., a leading outdoor products manufacturer. The loan amends and extends an existing facility, and will be used for working capital needs. GE Capital Markets served as sole lead arranger.
NORWALK, Conn.--Monday, December 07, 2009-- GE Capital, Corporate Retail Finance today announced it is co-collateral agent for a $625 million asset-based credit facility for The Bon-Ton Stores, Inc., a department store retailer. The loan will be used to refinance existing debt and for working capital needs. GE Capital Markets served as joint lead arranger.
HOFFMAN ESTATES, Ill.--Thursday, December 03, 2009-- GE Capital, Commercial Distribution Finance (CDF) today announced that it will acquire over $200 million of dealer floorplan financing receivables for the Arctic Cat dealer network in the USA. GE Capital will be acquiring the portfolio from Arctic Cat's former financier, Textron Financial Corporation and is now the exclusive provider of inventory finance for Arctic Cat under a multi-year program.
