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.
National Association of Black Hotel Owners, Operators, and Developers Achieves Growth Through Education
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Continuing to increase financial knowledge among smart, energetic, and enthusiastic entrepreneurs, GE Capital Solutions, Franchise Finance is celebrating its fifth year of driving new industry growth with the National Association of Black Hotel Owners, Operators, and Developers (NABHOOD).
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Closet Tailors Credit Card Offered Through U.S. Franchises
DAYTON, Ohio--(BUSINESS WIRE)--GE Money today announced it will offer a new private label credit card to U.S. customers of Closet Tailors, which specializes in designing and installing custom organization solutions. The Closet Tailors Credit Card, managed by GE Money's Sales Finance unit, will be available through more than 100 franchises across the U.S. and offers a quick and easy application, sales process with promotional financing and deferred interest terms.
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Financing Used for First New Hotel in Northbrook in Nearly Two Decades
SCOTTSDALE, Ariz. & NORTHBROOK, Ill.--(BUSINESS WIRE)--GE Capital Solutions, Franchise Finance is providing $16.4 million in financing to the first new hotel in Northbrook, Ill., in nearly two decades. The Northbrook Sheraton will cater to area business travelers and visiting families.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance's Media, Communications & Entertainment business announced today it has closed a $47 million senior secured debt financing for Long Lines, a leading communications provider of voice, data, video and wireless services to communities throughout the Midwest. The facility will be used to fund an ongoing expansion of the company's GSM wireless network.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance's Media, Communications & Entertainment business today announced the advancement of two key executives. Effective immediately, Raymond N. Shu, 38, and Mark A. Bernier, 36, will serve as managing directors of the GE group's core media and communications origination teams, respectively.
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Invests US$ 22 million in Oriental Structural Engineers Private Limited
NEW DELHI, India--(BUSINESS WIRE)--GE Commercial Finance today announced that it has invested US$22 Million in Oriental Structural Engineers Private Limited (OSE), one of India's leading infrastructure construction companies.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided $115 million in debtor-in-possession financing to The Bombay Company, Inc. (OTCBB: BBAO). The financing will be used for working capital needs as the company restructures under Chapter 11.
Founded in 1975, Bombay is headquartered in Fort Worth, Texas. The company designs, sources and markets home accessories and furnishings throughout the United States and Canada.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided $115 million in debtor-in-possession financing to The Bombay Company, Inc. (OTCBB: BBAO). The financing will be used for working capital needs as the company restructures under Chapter 11.
Founded in 1975, Bombay is headquartered in Fort Worth, Texas. The company designs, sources and markets home accessories and furnishings throughout the United States and Canada.