CHICAGO--12 November 2008-- GE Antares Capital today announced it served as administrative agent for a $200 million asset-based credit facility to support the acquisition of Pittsburgh Glass Works, LLC by affiliates of Kohlberg & Company. GE Capital Markets served as sole lead arranger.
NORWALK, Conn.--10 November 2008-- GE Commercial Finance's Media, Communications & Entertainment business today announced it is acting as administrative agent in a $52.5 million senior secured credit facility to Lightower, a provider of digital fiber networks in the Northeast. GE Capital Markets, Inc is acting as joint bookrunner and joint lead arranger on the facility. Lightower is owned by management, M/C Venture Partners and Wachovia Capital Partners.
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Partnership Will Boost GE Money's Coverage Of ATMs In Indonesia By 30% To Over 15,000
Jakarta, 5 November 2008 -- PT Bank Mandiri (Persero) Tbk. and PT GE Finance Indonesia (GE Money) announced today a partnership to provide a payment facility for GE Money customers. Effective immediately, GE Money customers who have bank accounts with Bank Mandiri will be able to pay their GE Money bills at all Bank Mandiri ATMs.
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GE Capital aviation finance arm to become the first global lessor to add the ARJ21 to its fleet
GE Commercial Aviation Services Limited (GECAS) and Shanghai-based Commercial Aircraft Corporation of China, LTD (COMAC) today announced a signed contract for five ARJ21 regional jets, with options for 20 additional aircraft. Deliveries of the aircraft to GECAS will begin in 2013.
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NORWALK, Conn.--04 November 2008-- GE Antares Capital today announced it served as administrative agent for a $45.1 million senior secured credit facility to support the acquisition of FCX Performance, Inc., by Sterling Investment Partners in partnership with the company's key senior management.
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Tekne Awards celebrate Minnesota's technology innovators and innovations
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--GE Capital Solutions Fleet Services has been named the established company recipient of the Technology Services Award at the 2008 Tekne Awards for its Mobile Resource and Asset Use/Management via a telematics solution. The Tekne Awards were held at the Minneapolis Convention Center on Oct. 30. The Tekne Awards honor superior technology advancement and leadership in Minnesota.
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GE UNIT'S 2008 OIL & GAS PARTNERSHIP INVESTMENTS A RECORD $360 MILLION
HOBBS, N.M.--04 November 2008-- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today it has formed a partnership with TriTex Energy, LLC to acquire proved oil and gas reserves in southeastern New Mexico for $31 million. GE Energy Financial Services has invested more than $360 million in proved oil and gas reserves in five transactions this year, an annual record for the business.
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NORWALK, Conn.--03 November 2008-- GE Commercial Finance today announced it provided a $250 million senior secured plan of reorganization (POR) credit facility to Vertis Communications, a targeted print advertising and direct marketing solutions provider. The loan was used to refinance the company's debtor-in-possession (DIP) financing upon the company's emergence from a pre-packaged Chapter 11 bankruptcy. In July, GE Commercial Finance also provided the company with a $380 million DIP credit facility. GE Capital Markets arranged both transactions.