NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced that it has served as administrative agent for a $275 million credit facility for MultiCultural Radio Broadcasting, Inc. (MRBI). GE Capital Markets served as sole lead arranger of the facility, which closed on December 18.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced that it has served as administrative agent for a $275 million credit facility for MultiCultural Radio Broadcasting, Inc. (MRBI). GE Capital Markets served as sole lead arranger of the facility, which closed on December 18.
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CHICAGO--(BUSINESS WIRE)--GE Antares today announced it is serving as syndication agent for a $275 million senior secured credit facility to support the acquisition by Best Brands (the "Company") of Telco Food Products Inc., and Brantley Partners' recapitalization of the Company. GE Capital Markets and RBS Securities Corporation serve as joint lead arrangers and joint bookrunners.
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CHICAGO--(BUSINESS WIRE)--GE Antares today announced it is serving as syndication agent for a $275 million senior secured credit facility to support the acquisition by Best Brands (the "Company") of Telco Food Products Inc., and Brantley Partners' recapitalization of the Company. GE Capital Markets and RBS Securities Corporation serve as joint lead arrangers and joint bookrunners.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that it has provided a $170 million cash flow credit facility to ClientLogic, a leading business process outsourcing provider. The loan will be used for recapitalization and working capital needs. GE Capital Markets arranged the transaction.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that it has provided a $170 million cash flow credit facility to ClientLogic, a leading business process outsourcing provider. The loan will be used for recapitalization and working capital needs. GE Capital Markets arranged the transaction.
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Purchasing restaurant franchise loan-backed bonds from FINOVA Capital Funding (II) Corporation and a large asset management company, GE Capital Solutions, Franchise Finance continues to widen its business capabilities by acquiring assets in the secondary market. The deal, worth more than $48.3 million, includes all existing certificate interests and servicing rights.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance has named Michael E. Chen to the position of president and CEO of its Global Media & Communications business unit. With over $7 billion in assets, Global Media & Communications represents a one-stop source for the comprehensive range of GE's debt and equity financing services offered to the telecommunications, media, technology (TMT) and entertainment & sports marketplace. Chen succeeds Robert V. Stefanowski, who was recently named president and CEO for GE Commercial Finance - Corporate Financial Services Europe.
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--GE Capital Solutions today announced a unique community outreach program called In the Community, For the Community (ICFC) to help non-profit providers improve the management capacity needed to fulfill their missions. This effort debuted at GE locations in St. Paul and Minneapolis as well as Danbury, Connecticut, Scottsdale, Arizona and Sydney, Australia.