BETHESDA, MD, SEPT. 2, 2015 - GE Capital’s Healthcare Financial Services (HFS) business announced today that it served as administrative agent on a $55 million senior credit facility to recapitalize the Community Intervention Services, Inc. (CIS) balance sheet, support CIS’s acquisition of Futures Behavior Therapy Center, LLC and provide additional capacity for targeted acquisitions. GE Capital Markets served as sole lead arranger and bookrunner on the transaction.
FAIRFIELD, Conn. - August 31, 2015 - GE [NYSE:GE] announced today that it has completed the previously announced sale of its U.S. fleet services business, representing aggregate ending net investment (ENI) of approximately $4.4 billion, to Element Financial Corporation (TSX:EFN) in a transaction valued at approximately $5 billion.
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CHICAGO - The outdoor products industry, which includes lawn, garden and agriculture equipment, is experiencing healthy growth, according to dealer performance data from Commercial Distribution Finance (CDF), a business of GE Capital. CDF dealer financing volume is up over 12% through June, indicating dealers are ordering more product to meet increasing demand. Dealer inventory turnover is running at a strong annual rate of over 2.5X.
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FAIRFIELD, Conn. - August 21, 2015 - GE [NYSE:GE] announced today that it has completed the previously announced sale of its U.S. Sponsor Finance business and a bank loan portfolio, representing aggregate ending net investment (ENI) of approximately $10 billion, to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at more than $11 billion.
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CHICAGO - Commercial Distribution Finance (CDF), a business of GE Capital, announced today that it has been selected by Bush Hog, Inc., a leading North American manufacturer of rotary cutters, to provide financing solutions to its U.S. dealer network.
CDF will provide Bush Hog dealers with a supplemental inventory financing program sometimes referred to as a “rollover program”. This “rollover program” will allow Bush Hog dealers another source of capital to finance their Bush Hog inventory coming due with the supplier.
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CHICAGO - Commercial Distribution Finance (CDF), a business of GE Capital, announced today that it has extended its inventory financing agreement with Wright Manufacturing, Inc., a producer of commercial lawn mowers. The financing will be used for its network of dealers and distributors to stock its products.
Founded in 1981, Wright invented the stand-on lawn mower and manufactures a complete line of commercial stand-on, walk behind and mid-mount zero turn mowers that are distributed world-wide. Wright is headquartered in Frederick, MD and has been a CDF customer since 2003.
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CHICAGO - Commercial Distribution Finance (CDF), a business of GE Capital, announced today that it has renewed its strategic inventory finance program with generator manufacturer Generac Power Systems, Inc. The funding will be used to stock Generac’s network of independent dealers with its products.