TANANGER, Norway & STAMFORD, Conn.--(BUSINESS WIRE)--Sevan Marine ASA announced that its affiliate, Sevan Drilling Pte Ltd, has signed an agreement for a US$400 million senior debt project finance facility for the Sevan Deepsea Driller vessel with Mandated Lead Arrangers GE Energy Financial Services, GE Transportation Finance and DVB Group Merchant Bank (Asia) Ltd.
CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided a $320 million senior secured credit facility to Saint Vincent Catholic Medical Centers of New York, one of the largest healthcare systems in the New York Metro area. The financing, which consists of a $50 million revolving credit facility and $270 million real estate based term loan, will support the hospital's exit from Chapter 11 Bankruptcy.
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ANA Affinity MasterCard[TM] Offers Customized Rewards Program
STAMFORD, Conn.--(BUSINESS WIRE)--GE Money, the consumer lending unit of General Electric Company (NYSE:GE), and the American Nurses Association (ANA), the largest national nursing association representing the interests of the nation's 2.9 million Registered Nurses (RNs), today announced they will offer an ANA Rewards Platinum MasterCard® credit card to its members and prospective members in the U.S.
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Provident Bank Rewards Platinum MasterCard® and Business MasterCard Offered in Maryland, Virginia & Pennsylvania
STAMFORD, Conn.--(BUSINESS WIRE)--GE Money, the consumer lending unit of General Electric Company (NYSE:GE), and Provident Bank (NASDAQ: PBKS), Maryland's largest independent commercial bank, today announced they will offer a Provident Bank Rewards Platinum MasterCard® and ProductivitySM Card for Business MasterCard to its customers in Maryland, Virginia and Southern York County, PA.
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CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a $208.75 million senior secured credit facility for the recapitalization of Woodstream Corporation, a portfolio company of Brockway Moran & Partners and Code Hennessy & Simmons LLC. GE Capital Markets served as sole lead arranger and sole bookrunner.
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TOKYO--(BUSINESS WIRE)--GE Commercial Finance announced today that Nancy Ku has been named President and CEO, GE Commercial Finance China. This marks the launch of a new integrated approach to the market for GE Commercial Finance.
"With Nancy's terrific track record in equity and corporate finance we will accelerate growth and expand our footprint in China, a critical market for GE," said John Flannery, President and CEO, GE Commercial Finance Asia.
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CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services continues to show its commitment to the senior housing industry with a $207 million first mortgage for the Atria Senior Living Group. Louisville-based Atria -- the eighth largest provider of retirement and assisted-living services in the United States -- owns and operates 124 communities in 27 states.
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STAMFORD, Conn.--(BUSINESS WIRE)--GE Money, the consumer lending unit of General Electric Company (NYSE: GE), announced today that it has reached an agreement, through its Retail Consumer Finance Division, to purchase the proprietary consumer credit card business from Chevron Corporation (NYSE: CVX) subsidiaries, Chevron U.S.A. Inc. and Chevron Credit Bank, N.A. GE Money Bank will own and operate the Chevron®- and Texaco®-branded consumer credit cards. The transactions are subject to certain approvals, including regulatory, and are expected to close later this year.
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NORWALK, Conn. & TORONTO--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending, Canada today announced it provided a C$600 million credit facility to Saskatchewan Wheat Pool Inc. (TSX:SWP). The financing replaces current debt and will be used to support ongoing working capital needs. GE Capital Markets arranged the transaction.
Based in Saskatchewan, Canada, Saskatchewan Wheat Pool is one of the country's largest agri-businesses with operations across Western Canada, the United States and Japan.
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CHICAGO--(BUSINESS WIRE)--GE Commercial Finance's Global Sponsor Finance business today announced it served as administrative agent for a $509.125 million senior secured credit facility to support MidOcean Partners' acquisition of Bushnell Outdoor Products, Inc. in combination with the Company's senior management team. The Governor and Company of the Bank of Ireland served as Syndication Agent of the facility, and GE Capital Markets served as sole lead arranger and sole bookrunner.