CHICAGO, October 31, 2007 -- GE Equipment Services, Rail Services today announced the availability of several mobile repair facilities as part of its Repair Solutions suite of railcar repair services. The facilities, currently operational in La Porte, TX and opening soon in Mounds, IL, and Waycross, GA, leverage GE's technical and regulatory knowledge of the rail industry.
KETTERING, Ohio--(BUSINESS WIRE)--GE Money and Admiral Sunrooms, the fastest-growing manufacturer of sunrooms and solariums, today announced a multi-year agreement to provide consumer financing through Admiral's 75 dealers nationwide. Homeowners can use the PROJECTLINESM and PROJECTLOANSM programs managed by GE Money's Sales Finance unit to finance purchases from Admiral Sunrooms' line of products which include awnings, conservatories and patio enclosures.
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CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a $43.5 million senior secured credit facility to support the acquisition of Icon Identity Solutions, Inc. by CIVC Partners, GrowthPath Capital, and the management of Icon. GE Capital Markets serves as sole lead arranger and sole bookrunner.
The financing consisted of a $17.5 million senior revolving credit facility and a $26 million senior term loan facility. Proceeds were used to fund the acquisition of Icon, and to provide for general working capital needs.
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Refinancing Package Enables FHG Enterprises to Grow Business
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--In order to refinance 10 Checkers Drive-In locations, FHG Enterprises borrowed $10 million from GE Capital Solutions, Franchise Finance.
The refinancing, slated for restaurants in New York, includes more than $500,000 for new construction. FHG Enterprises president and founder, Joe Gatas, refinanced six restaurants in January and wanted to continue his relationship with the lender in order to focus on growth of development of their core business.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance's Media, Communications & Entertainment business today announced it has closed a transaction as administrative agent for a $117.25 million credit facility to support Washington D.C.-based private equity firm Arlington Capital Partners' acquisition of Daily Racing Form, the 112-year-old daily newspaper covering thoroughbred racing. GE Capital Markets served as sole lead arranger and bookrunner for the transaction, which closed October 19.
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Clark Vitulli Acquires Dealership with $3.4 Million
SCOTTSDALE, Ariz. & St. Augustine, Fla.--(BUSINESS WIRE)--Clark Vitulli, founder and former CEO of America's PowerSports, along with Allen Good, an associate of Vitulli's from APS, has acquired a St. Augustine, Fla., Harley-Davidson dealership with a $3.4 million loan from GE Capital Solutions, Franchise Finance.
The loan, based on the projected value of the business, is going to be used to revamp the Harley-Davidson store and to modernize the showroom.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it served as co-administrative agent in a $9.2 billion financing for SABIC Innovative Plastics Holding B.V. The facility included $7.7 billion of senior secured debt and $1.5 billion in senior notes. The financing was used to support the acquisition of GE's Plastics business by Saudi Basic Industries Corporation (SABIC). GE Capital Markets served as joint bookrunner.