NORWALK, Conn.--(BUSINESS WIRE)--A123Systems, a promising young company with advanced technology for rechargeable batteries, recently received a timely recharge from a group of investors. GE, in addition to acting as lead investor in A123's latest fund-raising effort, a $40 million series D equity round which closed January 24, is also looking to see where A123Systems' proprietary energy-storage technology can accelerate work already underway at GE on clean energy products.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced it has provided a $200 million asset-based credit facility to KB Toys, Inc., the largest mall-based toy retailer in the U.S. The loan will be used to refinance existing debt and for working capital needs.
In business for over 80 years, KB Toys is based in Pittsfield, Massachusetts and operates stores throughout the U.S., Guam and Puerto Rico.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced it has provided a $200 million asset-based credit facility to KB Toys, Inc., the largest mall-based toy retailer in the U.S. The loan will be used to refinance existing debt and for working capital needs.
In business for over 80 years, KB Toys is based in Pittsfield, Massachusetts and operates stores throughout the U.S., Guam and Puerto Rico.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced it has provided a $200 million asset-based credit facility to KB Toys, Inc., the largest mall-based toy retailer in the U.S. The loan will be used to refinance existing debt and for working capital needs.
In business for over 80 years, KB Toys is based in Pittsfield, Massachusetts and operates stores throughout the U.S., Guam and Puerto Rico.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced it is serving as administrative agent and co-underwriter for $966 million of financing to support the purchase of Penton Media, Inc. by Prism Business Media Holdings, Inc., a portfolio company of MidOcean Partners and Wasserstein & Co., LP. This deal is one of the largest publishing sector underwritings to date for the rapidly expanding GE business unit.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced it is serving as administrative agent and co-underwriter for $966 million of financing to support the purchase of Penton Media, Inc. by Prism Business Media Holdings, Inc., a portfolio company of MidOcean Partners and Wasserstein & Co., LP. This deal is one of the largest publishing sector underwritings to date for the rapidly expanding GE business unit.
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BOULOGNE, France & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that it is entering the European water market and expanding into industrial water treatment by buying a majority of the assets of Idex AQUASERVICES in France. GE Energy Financial Services is acquiring a 95 percent stake, including debt obligations, from Idex AQUASERVICES -- a developer, owner and operator of facilities that purify water for the food, beverage and cosmetics industries.
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ST. PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit has renewed its agreement with Lennox International Inc.(LII), a global leader in the air conditioning, heating and refrigeration markets, to provide consumer financing through LII air conditioning and heating dealers and contractors across the United States and Canada.
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STAMFORD, Conn. & LINDEN, N.J.--(BUSINESS WIRE)--Four power marketing and trading companies have won an auction of the electric capacity from what GE Energy Financial Services believes is the first truly merchant US transmission project. The project will provide New York City with much-needed additional power.
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ST PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and Bath and Kitchen Buying Group, the industry's only member-owned buying group, today announced a new relationship to provide private label revolving and installment credit options through GE's REFINEDesign and PROJECTLOANSM programs. This multi-year partnership recently launched nationwide to the BKBG network of 200 independent dealers.