NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $325 million asset-based credit facility to Sportsman's Warehouse, an outdoor sporting goods retailer. The financing will be used to fund working capital needs. GE Capital Markets arranged the transaction. GE also provides the company with aircraft loan financing through GE Equipment Financial Services.
Based In Midvale, UT, Sportsman's Warehouse has locations throughout the U.S. selling equipment, apparel, footwear and accessories for hunting, fishing and camping.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $325 million asset-based credit facility to Sportsman's Warehouse, an outdoor sporting goods retailer. The financing will be used to fund working capital needs. GE Capital Markets arranged the transaction. GE also provides the company with aircraft loan financing through GE Equipment Financial Services.
Based In Midvale, UT, Sportsman's Warehouse has locations throughout the U.S. selling equipment, apparel, footwear and accessories for hunting, fishing and camping.
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Deal, Expected to Close in First Quarter, Will Add More Than $15 Billion in Assets and Commitments to GE Capital
NORWALK, Conn. & NEW YORK--(BUSINESS WIRE)--GE Capital has agreed to purchase most of Chicago-based Merrill Lynch Capital, Merrill Lynch and Co., Inc.'s (NYSE: MER) wholly-owned middle-market commercial finance business. Financial terms were not disclosed.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance and Allied Capital (NYSE: ALD) announced today that they have partnered to form a $3.6 billion senior secured unitranche loan fund. A unitranche loan blends senior and junior debt pricing and terms into a single first lien debt facility. Unitranche Fund LLC is designed to deliver a reliable loan product to borrowers with greater speed, simplicity and certainty of execution.
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KING GEORGE, Va.--Dec. 19, 2007--Employees at GE Energy Financial Services' Birchwood Power Facility in King George, Virginia received international recognition for their contributions to wildlife habitat conservation at the Wildlife Habitat Council's (WHC) 19th Annual Symposium, The Value of Green in Baltimore, Maryland. The GE unit demonstrated its commitment to environmental stewardship and increasing native biodiversity by achieving Wildlife at Work(SM) recertification for the Birchwood Power Facility.
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CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided $123.5 million in senior credit facilities to Ambulatory Services of America, Inc. of Nashville, Tennessee. The senior debt financing includes a $20 million revolving line of credit, $70 million first lien term loan, and a $33.5 million second lien term loan. GE Healthcare Financial Services acted as Sole Lead Arranger and Sole Book-Runner for the financing and Administrative Agent for the first lien loans. GE also made a $5 million equity investment in Ambulatory Services of America.
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HOUSTON & STAMFORD, Conn.--Dec. 18, 2007--In its first equity investment in offshore drilling, GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it will invest $54 million and co-finance the acquisition of a ship drilling for oil in deep water off the coast of Brazil.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $100 million trade accounts receivable securitization to Rexnord Funding LLC, a leading supplier of power transmission and water management products. The financing will be used for working capital, general liquidity and to fund potential future acquisition activity.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $100 million trade accounts receivable securitization to Rexnord Funding LLC, a leading supplier of power transmission and water management products. The financing will be used for working capital, general liquidity and to fund potential future acquisition activity.