IRVING, TX -- September 14, 2009 --- GE Capital, America's largest commercial leasing company, today announced the introduction of the Rebate Lease* to support manufacturers and dealers in their leasing efforts to end users of construction equipment. Among other benefits, the innovative new leasing program provides lessees with direct cash rebates for under-usage of equipment and new, lower pricing for over-usage.
NEW DELHI, September 9, 2009: GE Capital announced today that GE Capital Business Process Management Services Private Limited, a joint venture company between GE Capital and State Bank of India for credit card operations, has won 'Asia's Best Mature Captive Services Delivery' award from the Shared Services Outsourcing Network (SSON) atthe 12th Annual Asian Shared Services & Outsourcing week in Singapore. This is the second Asian-le
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NORWALK, CT-- September 8, 2009 --- GE Capital, Corporate Finance today announced it is administrative agent for a $151 million asset-based credit facility to Kumho Tire U.S.A., Inc., the U.S. distributor of South Korea-based Kumho Tire Co., Inc. GE Capital Markets served as co-lead arranger. The loan will be used for working capital needs.
Founded in 1975 and headquartered in Rancho Cucamonga, CA, Kumho Tire U.S.A. is the U.S. distribution arm of Kumho Tire Co., the Seoul, South Korea manufacturer and distributor of tires for passenger cars, trucks and other vehicles.
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SHANNON, IRELAND September 2, 2009. -- GE Capital Aviation Services (GECAS) announced the delivery of two new Boeing 737-800s (serial numbers 40233 and 40234) to flydubai Airlines to help the carrier's fleet expansion.
Both planes were delivered in July. These deliveries are two of four B737-800s delivering in 2009 which are financed by GECAS for flydubai. The remaining two B737-800s are expected to be delivered in October and December.
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NORWALK, Conn.--01 September 2009-- GE Capital, Corporate Finance today announced it led a $200 million asset-based credit facility to Sotheby's (NYSE: BID), a leading provider of art auctions, private sales and art-related financing. GE Capital Markets served as lead arranger. The loan will be used for working capital needs.
Founded in 1744, NY-based Sotheby's is an auctioneer of fine art, antiques, jewelry and collectibles primarily in the United States, the United Kingdom, Hong Kong, and France.
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Financing for Jack in the Box Franchisee Closed in Under Three Weeks
SCOTTSDALE, Ariz.--01 September 2009-- GE Capital, Franchise Finance announced today that it provided a $4 million credit facility enabling RDSL to acquire and develop seven Jack in the Box franchise restaurants in greater Dallas. GE Capital only took two and a half weeks to approve and close the deal with RDSL.
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NORWALK, Conn.--31 August 2009-- GE Capital, Restructuring Finance today announced it led a $197 million revolving credit facility as part of a $242 million plan of reorganization financing for Spectrum Brands, a global consumer products company. The loan refinances an existing debtor-in-possession facility, and supports Spectrum's exit from bankruptcy and their ongoing working capital needs. GE Capital Markets served as joint-lead arranger on the revolver. GE also provided interest rate risk management products and services.