LOUISVILLE, Ky. & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that it has made its first investment in a plant that will generate power and produce substitute natural gas using coal gasification technology. It is acquiring a 20 percent equity interest in The ERORA Group LLC, which is developing Kentucky's 630 net megawatt Cash Creek Integrated Gasification Combined Cycle facility, one of the most advanced and largest gasification projects under development in the United States.
EAST HANOVER, N.J. & STAMFORD, Conn.--(BUSINESS WIRE)--Comverge, Inc. announced today that it has obtained a $40 million senior credit facility from GE Energy Financial Services to expand its clean energy programs, which reduce energy costs by increasing available electric capacity during periods of peak electricity demand.
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ARLINGTON, Va. & STAMFORD, Conn.--(BUSINESS WIRE)--In a breakthrough toward US leadership in carbon reduction, the AES Corporation (NYSE:AES) and GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that they intend to create a partnership to develop greenhouse gas emission reduction projects in the United States.
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RIVERSIDE, Calif.--(BUSINESS WIRE)--GE Money's Sales Finance unit today announced a new multi-year agreement for consumer financing with C-Thru Industries. GE's PROJECTLINE PlusSM and PROJECTLOANSM programs will be available to homeowners for the purchase of C-Thru's line of outdoor living spaces, including sunrooms, conservatories and patio enclosures.
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STAMFORD, Conn.--(BUSINESS WIRE)--GE - Equipment Services today announced it has acquired the business of Terion Inc., a leading provider of two-way wireless data communication and information solutions for the transportation industry, accelerating its development of productivity solutions for the transport of goods through global supply chains. Terion is privately held, and terms of the transaction were not disclosed.
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STAMFORD, Conn.--(BUSINESS WIRE)--BAC-Credomatic Holding Co. Ltd. (BAC) and GE Money, the consumer lending unit of General Electric Company (NYSE:GE), today announced that their Central American joint venture would acquire 99.9 percent of Banco Mercantil S.A. (BAMER), a privately held bank based in Honduras. BAC and GE Money entered into a joint venture in 2005 to help both companies accelerate growth in the region. The transaction, which requires regulatory approvals, is expected to close in the next few months. The terms were not disclosed.
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ST. PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and Dixie Homecrafters, one of the fast-growing home improvement companies in America, today announced they have signed a five-year extension of their agreement to provide consumer financing.
Dixie Homecrafters, based in Chamblee, Ga., is the nation's second-largest home improvement company, selling and installing windows, siding, soffits and trim, and gutters for more than 17 years throughout the south.
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VERNAL, Utah & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services announced today that it served as lead arranger and sole book runner for a $155 million senior secured credit facility for Dalbo Holdings, Inc., a provider of water-based fluid transportation, water storage tank rental and fluid disposal services to oil and gas exploration sites in northeastern Utah and northwestern Colorado.
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DANBURY, Conn.--(BUSINESS WIRE)--In a move that enhances its growing role in equipment financing to the marine industry, GE Capital Solutions said today it acquired CitiCapital's Marine Finance division, an Irving, Texas unit of Citigroup.
CitiCapital Marine finances and leases commercial workboats and passenger vessels in U.S. and Canadian waters and the Gulf of Mexico.
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Coming out on top in a highly competitive request for proposal (RFP), GE Capital Solutions, Franchise Finance acquired a franchise loan portfolio owned by Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company. Impressed by the growth opportunities included in the portfolio, GE Capital Solutions, Franchise Finance acquired 16 borrower groups and 53 loans. Terms of the deal were withheld.