Q1 2009 placement activity outpaces Q1 2008 by 15 percent; only one AOG
STAMFORD, Conn.--(BUSINESS WIRE)--GE Commercial Aviation Services (GECAS) announced today that during the first quarter of 2009 ending March 29 it placed 45 aircraft, including 33 aircraft from its existing fleet leased, 9 lease extensions, and 3 sales, representing a strong 15 percent increase over 2008 first quarter placements.
NORWALK, Conn.--20 April 2009-- GE Capital, Restructuring Finance today announced it led a $125 million debtor-in-possession (DIP) credit facility to BI-LO, one of the largest supermarket chains in the Southeastern U.S. The loan will be used for working capital needs as the company restructures under Chapter 11. GE Capital Markets arranged the transaction.
Founded in 1964, BI-LO is a privately held company based in Mauldin, SC. The company operates 215 supermarkets in South Carolina, North Carolina, Georgia and Tennessee.
Hayward, California -- April 16, 2009 -- Calpine Corporation (NYSE:CPN) and GE (NYSE: GE) unit GE Energy Financial Services announced today that the California Public Utilities Commission has approved an amended Power Purchase Agreement for a state-of-the-art combined-cycle natural gas power plant, Russell City Energy Center, to be built in Hayward.
NORWALK, Conn.--13 April 2009-- GE Antares, a unit of GE Capital, today announced that it has agented a $115 million senior credit facility to facilitate Wind Point Partner's acquisition of Hearthside Food Solutions. The financing consists of a $20 million five-year revolving credit facility, and a $95 million five-year term loan A.
GE Antares served as Administrative Agent and GE Capital Markets was Joint Lead Arranger and Joint Bookrunner for the transaction.
GE Capital Solutions Fleet Services' Receives Its 10th ASE's Blue Seal of Excellence
GE Capital Solutions Fleet Services today announced that it has been awarded the Blue Seal of Excellence from the National Institute for Automotive Service Excellence (ASE) for the 10th year. ASE, the industry-leading certification program for automotive professionals, awards the Blue Seal of Excellence to businesses that showcase highly qualified repair facilities and commitment to excellent services. Recipients have to maintain a staff certification level of at least 75 percent.
ESSEX and STAMFORD, CT -- Noble Environmental Power, a leading wind energy developer, announced today that it has received long-term capital for its 330-megawatt wind power projects in western and northern New York state. GE Energy Financial Services, a unit of GE (NYSE: GE), invested more than $200 million in the portfolio, which includes the Noble Altona, Chateaugay and Wethersfield Windparks. A syndicate of banks and financial institutions provided long-term debt, including letters of credit, totaling approximately $440 million.
Flagstaff, Ariz. --April 6, 2009--- One month after the adoption of federal tax credits to propel small wind energy growth in the United States, GE (NYSE: GE) is joining current investors to provide $10 million to the world's largest manufacturer of small wind turbines, Southwest Windpower. Southwest Windpower -- designer and producer of small wind turbines up to 3 kW---will use this new funding to accelerate its growth in new markets and products.
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