CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it closed a transaction as administrative agent for a $145 million senior credit facility. The financing supports a dividend recapitalization and the acquisition of Design Packaging, Inc. by Tharco Containers, Inc., a portfolio company of Tricor Pacific Capital. GE Capital Markets served as sole lead arranger and sole bookrunner. The transaction was fully syndicated and oversubscribed.
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Acquisition To Accelerate GE Money's Growth into a Top 5 Bank in Poland
WARSAW, Poland--(BUSINESS WIRE)--GE Money, the global consumer lending unit of General Electric (NYSE: GE) announces that it has today signed an agreement with UniCredit regarding the acquisition, by GE Money, of Bank BPH, which will be completed following the completion of the spin-off of a portion of Bank BPH's business to Bank Pekao (referred to hereafter as "New BPH").
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Co-branded credit card launched
LONDON--(BUSINESS WIRE)--GE Money, the global consumer lending unit of GE and Ryanair today announced that they have signed a deal which will see GE Money provide co-branded credit cards for Europe's largest low fares airline, across a number of European Markets.
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Portfolio Allows Lender to Grow Its Asset Base
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--As part of its business growth strategy, GE Capital Solutions, Franchise Finance has purchased $13.3 million in restaurant loans from Citicorp Leasing Inc. The portfolio represents three borrower groups and 24 loans.
Through its strong and established relationship, GE Capital Solutions, Franchise Finance and Citicorp Leasing Inc. worked closely together to quickly assess the value of this portfolio and close this deal.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced the appointment of James Hallock as managing director of the restructuring finance team, with responsibility for providing turnaround finance to midsize and large companies throughout the Northeast U.S.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced the appointment of James Hallock as managing director of the restructuring finance team, with responsibility for providing turnaround finance to midsize and large companies throughout the Northeast U.S.
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Golfsmith Card Offered Through Retailers and Online Store
DAYTON, Ohio--(BUSINESS WIRE)--GE Money's Sales Finance unit and Golfsmith, the largest golf retailer that designs and markets custom-fit golf clubs and golf club components, have introduced the Golfsmith Card through its more than 70 retailers and online store.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it has provided a $150 million asset-based credit facility to Esmark, Inc., a steel service center headquartered in Chicago Heights, IL. Esmark will use the financing for working capital needs and to refinance existing debt. GE Capital Markets served as co-lead arranger for the transaction.
Founded in 2003, Esmark provides value-added cold rolled and coated steel products to clients throughout the Midwest U.S.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it has provided a $150 million asset-based credit facility to Esmark, Inc., a steel service center headquartered in Chicago Heights, IL. Esmark will use the financing for working capital needs and to refinance existing debt. GE Capital Markets served as co-lead arranger for the transaction.
Founded in 2003, Esmark provides value-added cold rolled and coated steel products to clients throughout the Midwest U.S.